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10-08-2021 12:11 PM | Source: PR Agency
Perspective on the RBI Monetary policy announcement by Mr. Mohit Ralhan, TIW Private Equity
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Below is Perspective on the RBI monetary policy announcement by Mr. Mohit Ralhan, Managing Partner & Chief Investment Officer of TIW Private Equity

“RBI has maintained the accommodative stance taking cue from the easing of inflation in July and August indicating that RBI will continue its policy support to sustain growth momentum. RBI has taken an extremely balanced approach, given that the Indian economy continues to be resilient, but the aggregate demand has still not reached the pre-pandemic levels. The easing of food inflation has been a major consideration especially with record production of kharif food grains along with decreasing risks of new COVID wave and high rate of vaccinations. While inflation will remain a major area of concern, especially given the increase in energy prices across the globe, the focus is likely to be on sustaining growth till the time inflation remains below RBI’s forecast of 5.3% for FY-22. The Indian markets continue its bull phase and now focus will be on the global cues, especially the change in monetary policies of central banks of other major economies and unwinding the expansion of their balance sheets”.

 

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