Reaction on today`s RBI Monetary Policy Committee By Raghvendra Nath, MD, Ladderup Wealth Management
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Below the Reaction on today`s RBI Monetary Policy Committee By Raghvendra Nath, MD, Ladderup Wealth Management
"All indications suggested that the RBI was likely to maintain its stance and keep the repo rate unchanged at 6.50%. Inflation in June stood at 5.08%, still above the RBI's target of 4%, and ongoing geopolitical concerns might affect crude and food prices. However, the IMD's prediction of above-average rainfall for the remainder of the season offers some reassurance. Given the resilient economic growth, the RBI has some flexibility to wait until inflation sustainably falls below the 4% target before considering any rate cuts."
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