Quote on RBI Monetary policy on behalf of Shantanu Bhargava, Waterfield Advisors
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Below quote on RBI Monetary policy on behalf of Shantanu Bhargava, Managing Director, Head of Discretionary Investment Services, Waterfield Advisors
The RBI had overlooked data in the early aftermath of COVID since the aim was to stimulate the economy & engineer a turn-around. Since changing its stance last year, the RBI has been data driven. According to the RBI's inflation prediction for Q3 & this FY, today's policy outcome is not surprising. We expect the RBI to retain the status quo unless we see a durable drop in inflation and if steady economic activity continues.
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