IGI Logo

Below The Pre Monetary Policy Quote by Mr Umesh Revankar, Executive Vice Chairman, Shriram Finance.

“The inflation level has been staying within the tolerance limit of below 6%. Consequently, in the upcoming MPC recommendations, we expect RBI to continue with their stance of pausing policy rate hikes for the next interest cycle. Having said that, inflation in various countries such as the United Kingdom is still a cause of worry. Hence, it is still imperative that we monitor and rein in domestic inflation. The Government of India has taken the right step by banning exports of non-basmati rice in a bid to cool down consumer price inflation.
With respect to credit measures, we expect that the central bank will take steps to bolster credit availability and foster an enabling financial ecosystem. India’s farmer community, having had to face the brunt of an uneven monsoon, can expect some financial assistance or relaxation in credit norms.
We are confident that the RBI will strike a fine equilibrium between sustaining economic growth and ensuring price stability.”

Above views are of the author and not of the website kindly read disclaimer