RBI MPC Annoucement : The RBI today increased the repo rate by another 50 bps to 5.40% Says D.R.E Reddy, CRCL LLP
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Perspective on RBI MPC Annoucement By DRE. Reddy, CEO and Managing Partner at CRCL LL
'The RBI today increased the repo rate by another 50 bps to 5.40% with immediate effect. With this move, the stage is set to return to pre-COVID levels with an end of the easy money era. There is absolutely zero probability of India slipping into recession. This will take the terminal rate to 5.90 percent by the end of FY23. A normal monsoon, good crop year, easing of household inflation and de-escalation of tension between Russia and Ukraine will help keep crude prices in check.'
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