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Below is perspective on RBI MPC Policy By Mr. Nish Bhatt, Founder & CEO, Millwood Kane International

“ The RBI maintained the status quo on key policy rates and policy stance was on expected lines. The RBI reiterating the fact that recovery is picking up pace and maintaining a 9.5% growth rate for FY22 was most encouraging.

RBI Governor stating that its motto remains a soft landing, that is well-timed reflects well with it mopping up liquidity via VRRR in a phased manner. This is the kind of unwinding the economy will require, as it is in a recovery mode.

The inflation and a spike in energy prices however remain a risk to recovery. Steady crude prices in the next few quarters and continued economic growth with normal business activities will help attain high single-digit growth for current and next fiscal.”

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