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Below the Quote on RBI Monetary Policy Committee Announcement by Dr. Manoranjan Sharma, Chief Economist at Infomerics Ratings

Well, well! Hitting the bull’s eye again and again, quite like Arjuna hitting the eye of the fish while looking in a mirror beneath him. Others may sometimes be correct but consistency is our virtue and is the key differentiator. I don’t remember having ever gone wrong in the last 10-15 years. What does it show? Basically two things- the RBI is following an objective and transparent policy and we are able to connect the dots and arrive at meaningful inferences and useful policy prescriptions. 

Entirely in line with our expectations, the MPC decided to maintain status quo on all policy rates. Repo rate remains unchanged at 6.50 %, SDF rate at 6.25%, and MSF rate & Bank rate at 6.75%. The MPC also decided to change the stance to neutral. 

Pre-policy, there was a lot of chatter about the RBI cutting rates by 25 bps. But we stood our ground.

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