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RBI mpc: RBI delivers a Kapil Dev policy: Economists decode what's beyond the steadfast stance

The Reserve Bank of India (RBI) has decided to maintain the repo rate at 6.5% for the fourth consecutive time. The Monetary Policy Committee (MPC) remains focused on aligning inflation to the 4% target. The RBI may consider open market sales of bonds to manage liquidity conditions. Despite inflation and resilient economic conditions, the MPC has kept its inflation and GDP forecasts unchanged.
Radhika Rao Dharmakirti Joshi Kapil Dev Nilesh Shah Shaktikanta Das Sakshi Gupta

rbi: Monetary Policy: RBI guv like Kapil Dev, came out with a truly reassuring policy: Nilesh Shah

Nilesh Shah, MD of Kotak AMC, compares the RBI governor to legendary cricketer Kapil Dev, saying that the RBI is playing multiple targets just like Kapil Dev could bat, bowl, field, and captain. Shah believes that the RBIs policies are reassuring to the market and that they will manage any challenges that come their way. However, he notes that the equity market has other concerns, such as the upcoming result season, uneven recovery, energy prices, and the impact of the 2024 elections.
Kapil Dev Nilesh Shah Offering College Indian School Of Business Leadership Excellence Rbi Governor

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