Quote on RBI MPC announcement by Mr. Niraj Kumar, Chief Investment Officer, Future Generali India Life Insurance Company Ltd
Below the Quote on RBI MPC announcement by Mr. Niraj Kumar, Chief Investment Officer, Future Generali India Life Insurance Company Ltd
MPC has delivered a ‘Fairly Neutral Policy' with a positive undertone. The MPC has been upbeat on growth and nudged the GDP forecasts higher, while yet being cognizant and cautious of achieving the last mile of disinflation. The bump up in growth numbers renders the key optimism in policy and provides the requisite comfort to Equity markets. Given the backdrop of supportive fiscal position and the global bond index inclusion, we reckon monetary policy continues to be complementary and supportive to the bond markets. While MPC refrains from giving cues on further rate actions, 4:2 voting pattern is indeed encouraging and indicative of a possible change in stance in the near future.
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