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Below is Comment on Quotes on MPC Announcement By Niraj Kumar, CIO, Future Generali India Life Insurance Company Ltd

“Overall, an in-line policy verdict with status quo in policy rate, given the backdrop of El-Nino fears coming to the fore, hawkish global central banks actions and global financial stability risks. While the nudging of Inflation forecast is indeed marginally positive for the markets, the upside risks to Inflation characterized by MPC, continue to exemplify wait and watch and cautious stance of RBI and reflect the probability of an extended pause by RBI. While RBI refrained from giving cues on future course of policy pivot, it continues to reemphasize the goldilocks domestic macros, which give some elbow room to remain dovish and eventually change the policy stance towards the end of the year.”

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