IGI Logo

Below the Quote on RBI MPC meet by Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Investments Limited

“The MPC delivered exactly a “dovish pause” which the market expected. But despite the policy being in tune with market expectations, the market has given a thumps up to the policy since the Central bank delivered some unexpected pro-market initiatives like allowing banks to fund acquisitions and also further liberalising loan against shares. 

Raising the GDP FY26 forecast to 6.8% from 6.5% earlier and lowering the FY26 CPI inflation forecast to 2.6% from 3.1% earlier reflect the Central bank’s optimism about the resilient economic outlook. The Governor’s comments indicate the possibility of one more rate cut; but it will depend on the incoming data and evolving outlook.”

Above views are of the author and not of the website kindly read disclaimer