Quote on RBI MPC by Mohit Batra, Founder, MarketsMojo
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Below the Quote on RBI MPC by Mohit Batra, Founder, MarketsMojo
"While RBI did not cut the interest rate but gave relief in terms of CRR by cutting it by 50 bps. But monetary policy revised GDP from 7.2 per cent to 6.6 per cent keeping in mind lower growth in the first half of the FY2025. At the same time, Inflation is revised upwards from 4.5 to 4.8 per cent clearly suggesting that India is now facing two problems of higher inflation and slowing economy. The need of the hour is to revive consumption without stoking inflation. That's where the finance ministry and RBI has to act in unison. Now rate cuts can happen only after the budget."
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