Reaction on RBI Monetary Policy by Mr. Raoul Kapoor, Co-CEO, Andromeda Sales and Distribution Pvt Ltd
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Below the Reaction on RBI Monetary Policy by Mr. Raoul Kapoor, Co-CEO, Andromeda Sales and Distribution Pvt Ltd
We welcome the Reserve Bank of India's decision to maintain the repo rate, as it brings stability to the economic scenario. The RBI commitment to controlling inflation remains crucial, to maintain growth and resilience.
The revised GDP growth projection, now expected to be between 7.2% and 7.3% for FY25, aligns well for the economy. A robust economy, coupled with stable interest rates, promises to elevate disposable incomes and bolster borrowers confidence.
It appears that the RBI MPC may continue this pause for the next couple of meetings in FY2025, with a focused view on liquidity management.
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