Quote on RBI MPC reaction by Mr. Raghvendra Nath, Managing Director, Ladderup Wealth Management Pvt. Ltd
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Below the Quote on RBI MPC reaction by Mr. Raghvendra Nath, Managing Director, Ladderup Wealth Management Pvt. Ltd
"The outcome of the three-day Monetary Policy Committee meeting aligns with our expectations, as the repo rate remains unchanged at 6.5% and a continued effort towards reducing money supply in the economy is maintained. The cumulative effect of policy repo rate increases is still working its way through the economy through a gradual decline in inflation numbers, but geopolitical events and their impact on supply chains and commodity prices are key sources of upside risks to inflation. Although no specific timeline has been indicated for reducing repo rates, it is anticipated that the Reserve Bank of India will initiate this process only after observing a similar move by the United States, aiming to mitigate the risk of capital outflows from India."
Above views are of the author and not of the website kindly read disclaimer
