RBI rates are likely to stabilize with another 25-bps hike in a future meeting Says Dr Vikas Gupta, OmniScience Capital
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Below is View on RBI Policy by Mr Vikas Gupta, CEO and Chief Investment Strategist, OmniScience Capital
"With inflation at 5.7% and GDP at 7% for FY 23 and estimated inflation for FY 24 at 5.3% and GDP at 6.4%, the inflation outlook for FY24 is benign and within the upper bounds of RBI's mandate while the GDP growth looks robust. In general, the economy looks in good shape and RBI looks to start becoming more dovish going forward to support growth since inflation is likely to continue a downward trend. The RBI stance is very growth focused and we expect upside surprises on the projected numbers for the GDP. RBI rates are likely to stabilize with another 25-bps hike in a future meeting and then a likelihood of downward pressure from then on"
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