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Below are Views On RBI’s Monetary Policy By Mr. Nish Bhatt, Founder & CEO, Millwood Kane International

“MPC keeping key rates unchanged for the fourth consecutive time was on expected lines. The central bank keeping the policy stance accommodative indicates its intention to act on rates if the need arises. After the FM, RBI Governor has projected above 10% GDP growth for next year. CPI inflation trajectory by RBI indicates supply situation issues normalizing.

A gradual two-step CRR normalization is a step in the right direction, what needs to be seen is RBI conducting

the borrowing program for the government in a non-friction way. RBI allowing resident individuals to make remittances to IFSCs for NRIs will help boost sentiment and inflows under LRS.”

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