Quote on RBI Monetary Policy by Puneet Pal, Head- Fixed Income, PGIM India Mutual Fund
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
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.”
Above views are of the author and not of the website kindly read disclaimer
Tag News
CM Siddaramaiah urges FM Nirmala Sitharaman to rectify reduced loan amount by NABARD to Karn...
More News
Quote on Monetary Policy Committee Meeting Outcome by Vaibhav Porwal, Co-founder, Dezerv
