Quote on RBI Monetary Policy – Mr. Sanjay Palve, Senior Managing Director, Essar Capital Ltd.

Sanjay Palve, Senior Managing Director, Essar Capital
Sanjay Palve, Senior Managing Director, Essar Capital

 

“RBI MPC today increased the repo rate by 25 bps to 6.50% and remained focused on the ‘withdrawal of the accommodation’ stance. The repo rate hike was on expected lines to tame inflation and support economic growth. While the global economic outlook is recovering slowly, inflation has been on the higher side across major economies including India. However, RBI anticipates a moderation in inflation in coming months and we expect RBI to pause the rate hike from the next policy review and have a gradual shift in stance to neutral.” Mr. Sanjay Palve, Senior Managing Director, Essar Capital Ltd.

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