Quote On RBI Monetary Policy Commitee : Once again, the primary focus of the RBI Monetary Policy this time has been on inflation says Mr. Kishore Lodha, U GRO Capital
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Below the Quote on RBI Monetary Policy Commitee by Mr. Kishore Lodha, Chief Financial Officer, U GRO Capital
“Once again, the primary focus of the RBI Monetary Policy this time has been on inflation. Since the current inflation is far above the targeted rate of 4%, immediate rate cuts seem to be unlikely, thus rates will remain elevated for some more time. On the positive side, GDP growth has been projected to be at 6.5%, manufacturing and services sector PMI data has been at a multi-month high, and the core inflation is showing signs of easing out. Erratic monsoons may result in reduced kharif crops, so some amount of concern regarding food inflation will continue. Since we are in the festival season, we will have to wait and see how the unchanged stance of the RBI on liquidity plays out during this time.”
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