I have argued for quite some time now that while there is urgency for bringing inflation below the upper tolerance band, we can be more patient when it comes to gliding inflation to the target. A more rapid pace of reduction could impose an intolerable growth sacrifice. We should be willing to accept inflation between 4% and 5% for several quarters as the price of avoiding a growth shock, said RBI s monetary policy committee member Jayanth R Varma.
I have argued for quite some time now that while there is urgency for bringing inflation below the upper tolerance band, we can be more patient when it comes to gliding inflation to the target. A more rapid pace of reduction could impose an intolerable growth sacrifice. We should be willing to accept inflation between 4% and 5% for several quarters as the price of avoiding a growth shock, said RBI s monetary policy committee member Jayanth R Varma.
Shashanka Bhide, a member of the Reserve Bank of India s Monetary Policy Committee (MPC), believes that supply-side price pressures in sectors like oil will require coordinated policy responses. He also mentions that upside risks to inflation will be considered for future policy decisions. Bhide expresses concern about uneven rainfall distribution and its potential impact on inflation.
India has experienced strong merger and acquisition (M&A) activities and a flourishing IPO market in 2023, making it a shining star in Asia, according to Tyler Dickson, head of investment banking at Citi. He believes that India offers attractive opportunities for both domestic and international clients, despite tighter liquidity conditions.
Our expectation is that the RBI will not do any more rate hikes. In the previous policy, they did mention that they are very focused on bringing inflation down.