Quote on Monetary Policy outcome By Mr. Rohin Agarwal, Avener Capital
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Quote on Monetary Policy outcome Mr. Rohin Agarwal, Vice President at Avener Capital
''On its mission to curb domestic inflation, the RBI has increased the repo rate by 50 bps in the MPC meeting today to 5.4%. The ultimate impact of this decision on the inflationary pressure might be equally dependent upon the supply-side performance of the economy, where the recent dropdowns in the GDP growth estimates by IMF of 80bps to 7.4% might be seen as a challenge. Hence, it will be interesting to see, how these consecutive rate hikes, keeping in mind the concerning global economic indicators, iron out the path to long term growth for India"
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