09-10-2024 04:20 PM | Source: Alchemy Capital Management
Quote on Monetary Policy Committee Meeting Outcome by Himani Shah, Co-Fund manager, Alchemy Capital Management
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Below the Quote on Monetary Policy Committee Meeting Outcome by Himani Shah, Co-Fund manager, Alchemy Capital Management
"In our opinion, the RBI’s decision to keep the rates unchanged is a prudent and well-considered move. Although headline inflation has moderated, it is likely to rise again due to geopolitical tensions and increasing commodity prices. Domestic growth remains strong, with urban demand holding steady and rural demand showing signs of improvement. It would be wise to observe the situation for a few more months before considering a strategic interest rate cut. Additionally, the RBI has shifted its monetary policy stance to 'Neutral', aiming to ensure sustainable liquidity conditions to support growth, setting the stage for a potential rate cut in the future."
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