 "RBI, Reserve Bank of India")
The decision to pause and keep the stance unchanged by the Reserve Bank of India (RBI) was largely along the expected lines. Beyond such a move, we believe the policy is a reflection and open communication of the RBI’s penchant to anchor the multiple growth drivers domestically, while remaining sanguine and uber mindful of heightened uncertainties globally whose pass-through impacts are well understood.
With the Monetary Policy Committee (MPC) clearly flagging the serious re-rise of known drivers of uncertainties and prolonged geopolitical tensions, there is no ambiguity as far as its interpretation on withdrawal of accommodation is positioned.
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