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Perspective on RBI's Governors Announcement By D.R.E Reddy, CRCL LLP
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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."
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