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Below is Perspective on RBI`s MPC announcement by Mr. Vikash Khandelwal, CEO, Eqaro Guarantees

After a Capex-heavy Union budget, the RBI has stayed the development course by maintaining the status quo. While the expectations were on the hawkish side, the unchanged repo rate and policy stance are welcome. The special dispensation for the contact-oriented segment will be a further boost.

The RBI not considering the rising inflation as a worrying factor has provided support to the bond market. Staggered withdrawal of liquidity measures will help the market adjust itself to changing scenarios. The hike in the limit for trade credit for MSMEs from Rs 1 cr to Rs 3 cr will support a segment that's a key contributor to the economy.”

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