Views on RBI MPC announcement by Rajkumar Singhal, CEO, Quest Investment Managers
Below the Views on RBI MPC announcement by Rajkumar Singhal, CEO, Quest Investment Managers
"The policy measures demonstrates that the central bank has continued focus on supporting growth while maintaining macroeconomic stability and balancing inflation. The 25 bps rate cut along with Rs 1 lakh crore in OMO purchases and the USD/INR swap offer appropriate liquidity measures to further boost the liquidity condition. With CPI inflation for the full year is projected at 2%, and core inflation staying anchored, the macroeconomic scenario remains highly supportive for accelerated growth momentum. The policy announcements also reflect the central bank's confidence in the growth phase the economy is in currently. On the back of robust rural demand, recovery of urban demand and private investment gaining pace, the policy measures will definitely further power the growth impulses."
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