05-04-2022 05:10 PM | Source: PR Agency
Perspective on RBI's Governors Announcement By D.R.E Reddy, CRCL LLP
Below is Perspective on RBI's Governors Announcement By DRE. Reddy, CEO and Managing Partner at CRCL LL
The unexpected move to increase the repo rates by 40 bps is largely to keep the rising inflation in check. The geopolitical tensions have had a huge impact on crude oil prices, leading to high inflation. The CRR hike marks a formal reversal of the easy monetary policy regime of two years.
The RBI's observation of elevated food prices is a cause of concern. The rate action by RBI is expected to reflect soon on bank loans. We are hopeful of a good monsoon, ease in food inflation, and broader inflation by
end of CY22."
Above views are of the author and not of the website kindly read disclaimer
Latest News
Samco MF introduces Special Opportunities Fund
Economic priorities will have to align with our stra...
Paytm travel carnival offers deals on domestic fligh...
India`s SAIL keenly watching Chinese steel imports p...
India`s Mahindra & Mahindra jumps most in over three...
Space data fuels India`s farming innovation drive
Edelweiss AMC announces change in exit load structure
V-Guard Industries falls despite reporting 44% rise ...
Top performer realme GT 6T revolutionises smartphone...
Honda Motorcycle & Scooter India's 125cc motorcycles...