Quote on RBI MPC Announcement by Dr. Vikas Gupta, CEO & Chief Investment Strategist at OmniScience Capital
Below the Quote on RBI MPC Announcement by Dr. Vikas Gupta, CEO & Chief Investment Strategist at OmniScience Capital
“RBI has a very comfortable situation currently in terms of the macros. Inflation is exactly at the target of 4%, GDP growth is strong with 6.5% and increasing, Bank balance sheets extremely strong with crar of 17%, system liquidity adequate. Now the joker in the pack is the Trump Tariffs which could upset the apple cart. It is difficult to decipher the impact of these and one has to be cautious in figuring out the eventual impact. It could have impact on the exchange rate and fii flows. Forex rates also have impact on inflation going forward. Keeping those in mind it is not surprising that RBI choose to be neutral to have enough tools when required in a few months.”
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