Quote on today`s RBI MPC announcement by Mr. Amitabh Chaturvedi, Founder & Executive Chairman, Purple Finance
Below the Quote on today`s RBI MPC announcement by Mr. Amitabh Chaturvedi, Founder & Executive Chairman, Purple Finance
"The RBI's decision to hold the repo rate at 5.50% and maintain a neutral position is well-timed and balanced. Core inflation has held steady around 4%, and while headline inflation may see an uptick towards the end of the financial year.Growth continues to be very strong, and this maintenance of status quo rates should allow that growth to continue - particularly in MSME and retail lending where there seems to be increasing demand. From our perspective as Purple Finance, we see these conditions supporting continued credit flow, as well as believing there is still a possibility of rate cuts later in the year assuming conditions stabilise for the better.”
Above views are of the author and not of the website kindly read disclaimer
