View on RBI Monetary Policy August 2022 by Nilesh Shah, Kotak Mahindra Asset Management Company
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Below is view on RBI Monetary Policy August 2022 by Nilesh Shah, Group President & MD, Kotak Mahindra Asset Management Company
“The RBIs hike of 50 bps in Repo rate is front-loaded to ensure that easing inflation comes below RBIs upper band of 6 % by 4 Q FY 23. Since Growth is becoming broad-based & private Capex is showing signs of Revival, the RBI has front-loaded repo rate hike to control inflation. Interestingly, the RBI has kept the Indian economy flying high (7.2 % GDP Growth in FY23 ) through turbulent weather. The RBI has clearly differentiated itself vs a vs many other central banks which are looking to hard land their economy (recession in FY23 ) to bring down inflation.”
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