Comment on RBI Monetary Policy Committee by Mr. Sandeep Bagla, CEO, TRUST Mutual Fund
Below the Comment on RBI Monetary Policy Committee by Mr. Sandeep Bagla, CEO, TRUST Mutual Fund
"As widely expected, RBI/MPC kept repo rates unchanged. Growth is lower than expected, and inflation higher, above RBI comfort levels. It is possible that growth will pick on back of renewed Government spending in the second half of the financial year. There is pressure on Rupee from sustained FPI selling in equities. Any rate cuts would weaken the Rupee as well. RBI is likely to reduce rates in February policy, once inflation starts easing again. 2 out of 6 MPC members voted for a rate cut, which shows that possibility of rate cut in February are very high"
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