Quote on RBI Monetary Policy by Puneet Pal, Head- Fixed Income, PGIM India Mutual Fund
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Below the quote on RBI Monetary Policy by Puneet Pal, Head- Fixed Income, PGIM India Mutual Fund
“The MPC meeting today maintained the status quo on policy rates and the monetary policy stance. Some sections of the market were expecting a change in stance which did not materialize though, in our view, the policy was dovish as Prof Jayant Varma voted for a rate cut and with the governor highlighting the underlying financial stability and FY25 Inflation forecast at 4.50% which is 200 bps below the policy repo rate. We think the monetary policy stance will be changed in the next MPC Policy in April 2024.”
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