Views on the Monetary Policy by Mr. Anshul Arzare, MD & CEO, Yes Securities.
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Below the views on the Monetary Policy by Mr. Anshul Arzare, MD & CEO, Yes Securities.
"The Monetary Policy Committee's decision to keep policy rates stable aligns with expectations, yet internal dynamics hint at a dovish undercurrent. Despite calls for a stance adjustment amidst favourable fiscal conditions, the MPC maintains the status quo, perplexing observers. The persistent banking system deficit, exacerbated by pre-election cash circulation, adds complexity to this choice. Notably, the central bank's adept liquidity management subtly leans towards a 'neutral' stance. Looking forward, a potential shift in RBI stance in April, driven by inflation nearing the 4% target in FY25, raises the prospect of a subsequent June rate cut. This aligns with global trends, reflecting the delicate balance the RBI seeks between stability and adapting to evolving economic realities."
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