Surprise pause by MPC: Are we at the end of interest rate hike cycle?
The pause may reflect MPC members' intention of not upsetting the growth momentum despite persistent high inflation.
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The pause may reflect MPC members' intention of not upsetting the growth momentum despite persistent high inflation.
Ambit Asset Management believes that currently the RBI is amongst one of the best central banks in the world and has constantly been ahead of the curve.
The degree of pessimism has reduced, but it is still too soon to put on our bullish hats
Rate hikes, subsidies and price caps are temporary and symptomatic fixes to structurally high inflation. This is not to suggest that RBI should look to ease monetary conditions, but that given enough time, existing monetary policy is already restrictive enough to address our current inflation situation
The India Composite PMI for March was a strong 58.4, on top of a scorching 59 for February