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

“ As expected the MPC voted to keep the key rates and the policy stance unchanged. The decision to extend the on-tap TLTRO scheme once again till December will maintain ample liquidity and support growth. RBI's view of current high inflation being largely transitory in nature and its focus on growth is a big positive. The economy

is showing signs of revival, it needs policy support.

RBI's estimate of inflation softening post-Q2 indicates that the current policy may continue for few quarters, with a beginning of normalization by end of FY22. The policy has been largely growth-oriented, supporting easy liquidity. It will help attain the high growth as estimated by the central bank - 9.5% & 17.2% for FY22 and FY23 respectively.”

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