08-02-2024 03:12 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%.
Above views are of the author and not of the website kindly read disclaimer
Latest News
Market Wrap Up by Amol Athawale, VP-Technical Rese...
Bank of Baroda Q4 net profit rises to 4,886 crore
Market Macros by Shrikant Chouhan, Head Equity Resea...
Market Weekly Round Up by Shrikant Chouhan, Head Equ...
Veteran actors Ashutosh Rana, Vijay Raaz join ANI fo...
Sensex up by 260 points, energy and metal lead rally
Imagicaaworld Entertainment surges on launching 6 Ne...
FIIs stood as net sellers in equities as per May 10 ...
India`s Cipla open to partnering with Eli Lilly to m...
Post Market Comment by Mr Shrey Jain, Founder and CE...