The latest monetary policy reflects confidence in India’s economic resilience despite inflationary and global challenges. RBI Governor Sanjay Malhotra reiterated the central bank’s commitment to bring inflation back to its target over the medium term while remaining data-dependent in its policy approach. He emphasised on India’s strong growth prospects, a resilient external sector and the stability of our financial system
Markets viewed the policy as dovish. With inflation expected to remain above target, is the RBI comfortable with negative real rates?
We are neither dovish nor hawkish. We feel this is the right policy rate for the given growth-inflation dynamics. Ou... [4492 chars]
Source: The Hindu Business Line
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