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Below is quote on RBI Monetary Policy Announcement By Mr. Niraj Kumar, Chief Investment Officer, Future Generali India Life Insurance Co. Ltd

"MPC continues to do a fine balancing act, despite the adverse global backdrop of chaos in rates and FX markets due to hyper-aggressive stance of central banks to rein in the elevated Inflation. RBI has stuck to its overarching focus of nurturing the nascent recovery of growth and has avoided any sort of collateral damage so far and continues to bubble wrap the economy. Clearly, with today’s frontloading of rate hikes, the future course of rate hikes appears to be very shallow, given the imminent softer patches of global growth and receding Inflation trajectory. Overall ‘well thought out and a balanced policy"

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