Quote on MPC by Prachi Kele, Lead Economist, PL Capital
Below the Quote on MPC by Prachi Kele, Lead Economist, PL Capital
“August MPC policy was in line with expectations, with the RBI maintaining a neutral stance and keeping the repo rate unchanged at 5.25%. Policy highlighted external sector facing pressures from widening trade deficit, while domestic macroeconomic conditions are growth supportive. Revised inflation and growth projections indicate resilience of the domestic economy despite headwinds from the West Asian crisis. Revival of monsoon in July, improved kharif sowing, services’ trade surplus, decent FDI inflows, and healthy remittance receipts continue to support India's macroeconomic fundamentals.”
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Quote on the `RBI MPC Announcement` from Vinit Bolinjkar - Head of Research - Ventura
