As per the forecasts made by the Reserve Bank of India s dynamic stochastic general equilibrium (DSGE) model, India s GDP growth this year may be 7.1 percent - 10 basis points higher than the central bank s official view of 7.0 percent.
RBI MPC meeting: The successive messaging by the MPC over its last 3-4 policies reaffirms our view that the rate hike cycle is over, and RBI will rather use its liquidity management tools to keep inflation under check
There weren’t any surprises in the Governors’ statement. Sometimes no news is good news, which is why markets have reacted with a slightly positive bias, says Apurva Sheth, Head of Market Perspectives & Research at SAMCO Securities.