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Below the Quote on MPC Announcement from Future Generali India Life Insurance Company Ltd.

“MPC has been well measured and level-headed in delivering today’s policy verdict of ‘A Pause’ while keeping Arjuna’s eye on Inflation and being nimble in its approach and action. MPC has rightly chosen to look through the recent surge in vegetable price inflation and has preferred to remain on a wait and watch mode along expected lines.  While the nudging of Inflation forecasts higher is on expected lines, it does reflect the probability of an extended pause by MPC. While MPC’s move of scaling back of excess liquidity by way of increase in incremental CRR by banks is sentimentally negative from banks perspective in the interim, it does align with MPC’s policy stance of containing overall inflation. Overall, the undertone of the policy was being cautious and data dependent amid the looming uncertainty around domestic inflation, energy prices and global growth uncertainty.”

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