perspective On RBI MPC Announcement By Ms. Madhavi Arora, Emkay Global Financial Services
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Below perspective On RBI MPC Announcement by Ms. Madhavi Arora, Lead Economist, Emkay Global Financial Services
“The RBI reiterated caution and the current policy narrative is still more hinged to inflation uncertainty and liquidity management than on the fluid and uncertain global narrative as markets reprice ‘higher-for-longer’. As global financial conditions transmit with a lag, there could be further volatility ahead. Even as domestic inflation is likely to meet policy targets by end-FY24, elevated DM rates and record-low interest differentials pose a headwind for the RBI. Amid the changing external dynamics, the policy prerogative would ensure financial stability, which may possibly even precede inflation management in coming months.”
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