Views on the RBI Monetary Policy Committee by Vaibhav Shah, Fund Manager, Torus Oro PMS
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Below the Views on the RBI Monetary Policy Committee by Vaibhav Shah, Fund Manager, Torus Oro PMS
In line with expectations, MPC kept the interest rates unchanged at 6.5%. However with the change in stance to Neutral from Withdrawal of accommodation, we believe that the MPC has set the base for rate cuts either in December or early next year, as inflation seems to be on a continuous downward trajectory. The projections related to inflation and growth have not been altered significantly, leading on confidence on achieving the inflation path without any disrupting growth engine. MPC had a mention of cooling food prices which were the key volatile variable in the overall food inflation equation, which should help achieve the overall inflation target.
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