View on RBI Monetary policy by Parijat Agrawal, Head of Fixed Income at Union Asset Management Company Private Ltd
Below the View on RBI Monetary policy by Parijat Agrawal, Head of Fixed Income at Union Asset Management Company Private Ltd
“The Monetary Policy Committee’s (MPC) meeting actions were forward-looking and took the markets by surprise. The MPC reduced the repo rate by 50 basis points, changing the stance from accommodative to neutral, and the Cash Reserve Ratio (CRR) rate was decreased by 100 basis points. The downward revision of the inflation forecast is expected to provide reassurance. We expect growth to be supported with the ongoing rate transmission. Any additional rate cuts from here on appear unlikely in the near term and would be data dependent”
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