Quote on MPC policy by Mr. Marzban Irani, CIO-Fixed Income at LIC Mutual Fund Asset Management Ltd
Below the Quote on MPC policy by Mr. Marzban Irani, CIO-Fixed Income at LIC Mutual Fund Asset Management Ltd
"RBI MPC kept the repo rate unchanged at 5.5 pct and continued with the neutral policy stance. This was in line with our expectations as the governor had frontloaded cuts during last policy. He had even announced liquidity measures in advance. Hence no immediate action was required given the global turmoil and Outlook on rupee
Inflation numbers have been revised downwards, whereas growth projection were kept unchanged.
Going ahead any action globally on rates and sharp slowdown in domestic growth might prompt RBI to take further action."
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