2024-02-08 03:12:40 pm | Source: PR Agency
Quote on MPC Announcement by Ajit Kabi, Research Analyst at LKP Securities.
Below the Quote on MPC Announcement by Ajit Kabi, Research Analyst at LKP Securities.
RBI MPC meeting outcome
* RBI kept the policy rate unchanged at 6.5% (expected).
* ?RBI is cautious on inflation and retail inflation projected at 5.4%.
* ?GDP growth for FY24 pegged at 7%.
* ?No indication of rate cut in near term.
We were expecting a dovish stance but RBI provides no information of rate cut soon. The cautious view on inflation is disappointing. The expected GDP growth of 7% is below out expectations of 7.3%.
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