Quote on RBI MPC Announcement By Mr. Niraj Kumar, Chief Investment Officer, Future Generali India Life Insurance Company Ltd.
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Below the Quote on RBI MPC Announcement By Mr. Niraj Kumar, Chief Investment Officer, Future Generali India Life Insurance Company Ltd.
“As widely expected, MPC continues to persist with its no change in stance and rates and clearly no negative surprise is indeed a positive from markets standpoint, as it underscores policy stability. MPC continues to be nimble and has deftly balanced the macro backdrop of robust growth and inflation above target of 4%. Although considerable progress has been made in bringing the inflation below its peak levels. Further, MPC has been cognizant of robust foreign flows along with ongoing geopolitical tensions and risks emanating from higher crude prices and has thus refrained from giving any premature policy pivots. MPC continues to reemphasize the achievement of inflation target on a durable basis and distinctly indicates rate change in the near term is unlikely. Overall, a well-anchored policy exercising caution and being data dependent amid the uncertainty in global markets coupled with key domestic events on the anvil.”
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