Quote on RBI Monetary Policy announced today from Mr. Rahul Bhuskute - Chief Investment Officer, Bharti AXA Life Insurance.
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Below the Quote on RBI Monetary Policy announced today from Mr. Rahul Bhuskute – Chief Investment Officer, Bharti AXA Life Insurance.
“Robust growth prospects provide the policy space to remain focused on inflation as the uncertainties in food prices continue to pose challenges, the MPC remains vigilant to the upside risks to inflation. They also remain cautious of the recent increase in crude oil prices, the worsening in geopolitical conflicts and the volatility in international financial markets. The MPC, therefore, decided to keep the policy rate unchanged at 6.50 per cent in this meeting and remain focused on withdrawal of accommodation. The MPC retained its real GDP growth projection of 7% in FY25. However, they noted headwinds from geopolitical conflicts, volatility in international financial markets.
RBI will remain nimble and flexible in its liquidity management through main and fine-tuning operations in both repo and reverse repo. RBI will deploy an appropriate mix of instruments to modulate both frictional and durable liquidity so as to ensure that money market interest rates evolve in an orderly manner that preserves financial stability.”
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