Shanti Ekambaram, Group President – Consumer Banking, Kotak Mahindra Bank
“There is likely to be no change in the repo and reverse repo rates with RBI keeping a close eye on key macroeconomic data. The Monetary Policy Committee’s stance will continue to be accommodative and supportive of economic growth. This is crucial as we are now in a critical phase of India’s recovery – high frequency data shows that many segments of the economy are moving and are reaching close to 70/80% of pre-COVID levels. Inflation is still elevated. However, with normal monsoons and higher agriculture output, inflation should moderate through Q3. Overall, expect a “wait and watch” policy.”
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