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Below is Perspective on RBI Monetary Policy By Mr. D.R.E Reddy, CEO and Managing Partner, CRCL LLP

“The RBI's move to maintain its accommodative stance for the 8th consecutive time is backed by the motive to balance out the crisis impact caused by the pandemic. The RBI's decision to continue with the same stance as long as required points towards the same. The upcoming festive season is expected to bring back the sheen to the economy with the backdrop of relaxations and a higher number of vaccinations. The RBI is bullish on GDP growth and confident that inflation will be controlled by measures announced.

In reflection of the food prices seen further easing out, there is an indication of economic recovery and increasing demand at a macro level. The concern now remains with the constantly rising fuel prices that is a major challenge.”

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