2024-08-08 02:48:41 pm | Source: Profectus Capital Ltd
Quote on RBI Monetary Policy by Mr. K V Srinivasan, Executive Director and CEO, Profectus Capital Ltd
Below the Quote on RBI Monetary Policy by Mr. K V Srinivasan, Executive Director and CEO, Profectus Capital Ltd
“As expected, the RBI has maintained policy rates at existing levels with no change in stance of withdrawal of accommodation. The RBI wants to ensure that inflation comes down to its permissible range before reducing policy rates. Nonetheless, The RBI has ensured sufficient liquidity. From an MSME perspective, it’s better to have a stable interest rate scenario, and the RBI’s long pause in cutting interest rates is appropriate in the given macro environment.”
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