Comment on RBI MPC Policy by Harsh Gupta Madhusudan, Chief Equity Strategist, Ionic Asset
Below the Comment on RBI MPC Policy by Harsh Gupta Madhusudan, Chief Equity Strategist, Ionic Asset
“RBI has rightly hiked given high West Asian tensions and crude prices along with the weak monsoon even as growth remains strong. However the two dissents on the stance change show that the hike cycle could be relatively shallow though it will remain data dependent. Also at least an official delinking of the rupee defense from the MPC's thought process is welcome given FCNR deposits raised. RBI will now look to converge WACR with repo.”
Above views are of the author and not of the website kindly read disclaimer
