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

“Overall, an extremely Credible and Balanced Policy verdict, adding credence to our belief that India’s rate hike cycle is almost done. The decision to keep rates unchanged yet again exemplifies the pragmatic approach by RBI who has pre-empted a pause just the way it had pre-empted the rate hike cycle, unlike its global counterparts. RBI has indeed shown a very credible and fine balancing act and has not succumbed to the spectre of Inflation and other global central bank actions. RBI has instead taken its own course of policy path, which is indeed commendable in the current global economic backdrop.”

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