Quote on MPC by Dr. Poonam Tandon, Chief Investment Officer at IndiaFirst Life Insurance Company
Below the Quote on MPC by Dr. Poonam Tandon, Chief Investment Officer at IndiaFirst Life Insurance Company
“The MPC cut rates by 25bps and announced liquidity infusion measures - Rs. 1tn of OMO and a 3-year US$5bn FX swap. The rate cut was a unanimous decision while the stance was maintained as neutral. The rationale was that growth is expected to soften somewhat while headline and core inflation is expected to be below 4% in 1HF27. The rate cut and liquidity infusion measures will help softening of bond yields as well as aid credit flow. In all it was a balanced policy with the much-required liquidity infusion”
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