RBI Governor Shaktikanta Das says the strong growth momentum and the GDP projections for 2024-25 give the RBI a policy space to unwaveringly focus on price stability,
Foreign exchange reserves also include India s reserve tranche position in the International Monetary Fund. Apart from India s strong growth and inflows into equity and debt markets, the RBI has been absorbing inflows to build reserves.
Kunal Jain, Senior Consultant and Partner at Alpha Capital, feels significant movements are anticipated only post election results, with market sentiment heavily influenced by factors such as the outcome, the final Union Budget, actions by the US Federal Reserve, and corporate earnings
RBI promises to be nimble footed. Honestly, as an economist it is now becoming more difficult to predict the timing of the first rate cut in India, says Indranil Pan of Yes Bank.