View On RBI policy By Mr. Vivek Goel, Tailwind Financial Services
Below View On RBI Policy By Vivek Goel, Co-founder and Joint Managing Director, Tailwind Financial Service Pvt Ltd
MPC Policy Review: Waving the Chequered Flag
In this battle against inflation, RBI’s pause today along with moderation in Q4FY24 inflation estimates and slight increase in growth expectations, might be an early signal of waving the chequered flag.
With global policymakers of major banks grappling with balancing their fight against inflation while maintaining growth, India has been a bright spot in the past year and this meet might hep further strengthen the positioning.
While global central banks continued to hike rates amidst concerns on banking system stability, RBI has managed to hit the pause button already while reassuring markets about the strength of Indian banking sector and their asset quality. And even though, future guidance is limited by the governor while cautioning against global as well as domestic risks leading to continued focus on withdrawal of accommodation as their stance, there are many positives to take away from this meet.
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