Quote on RBI policy announcement by Ritesh Taksali, Chief Investment Officer, Edelweiss Life Insurance
Below the Quote on RBI policy announcement by Ritesh Taksali, Chief Investment Officer, Edelweiss Life Insurance
“The MPC policy has firmly supported growth, cutting the repo rate by 25 bps as inflation has cooled off and is expected to remain benign over the next year. The RBI has also decided to infuse liquidity via OMOs and FX swaps as dollar outflows and currency defence drains liquidity from the banking system. RBI's dovish pivot is required to support yields which have remained under pressure. Structurally, with a rare goldilocks scenario cited by the Governor, we could expect stable macroeconomic conditions.”
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