08-12-2023 06:06 PM | Source: PR Agency
The RBI's decision to maintain the Repo rate at 6.5% aligns with market expectations Says Ladderup Wealth Management

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Quote On RBI MPC reaction By Mr. Raghvendra Nath, Managing Director, Ladderup Wealth Management Pvt. Ltd

“The RBI's decision to maintain the Repo rate at 6.5% aligns with market expectations, considering the recent moderation in inflation to 4.9% in October, albeit still above the 4% target. We continue to witness the lingering effects of the 250-basis point hike in the Repo rate, reflecting in the market dynamics.

India's impressive Q2 Real GDP growth of 7.6%, surpassed all projections. This led the RBI to revise the FY24 Real GDP growth projection upward to 7%, a testament to our resilient domestic demand. The encouraging signs, including an expanding manufacturing PMI and healthy growth in eight core industries, underline our confidence in sustained robust growth.

Moreover, the RBI's stance echoes the global trend of central banks signalling an enduring period of higher rates, further emphasizing the need for a cautious yet progressive approach in navigating the financial landscape.”


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