06-10-2023 01:55 PM | Source: PR Agency
RBI Policy Reaction : Steady interest rates with no change in stance were widely expected says Ms. Palka Arora Chopra, Director, Master Capital Services Ltd
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Below the Quote on RBI Policy Reaction by Ms. Palka Arora Chopra, Director, Master Capital Services Ltd.
Steady interest rates with no change in stance were widely expected. There will be no significant impact on the domestic market as the RBI's policy announcements generally follow market expectations. The Monetary Policy Committee of the Reserve Bank of India decided to maintain the status quo. The market has likely priced in another pause. The RBI maintained its GDP growth forecast for FY24 while awaiting additional data points to fully assess the developing dynamics. With the Reserve Bank of India maintaining the status quo, interest rate-sensitive sectors such as autos and real estate will benefit as consumers will now spend more this festive season taking into account borrowing cost forecasts
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