This week the Reserve Bank acted as expected. It hiked the repo rate by 25 basis points to 8.25% and said it was premature to change the policy stance, but added that it expects action taken so far would moderate aggregate demand in the economy. The RBI also said that the policy action will be influenced henceforth by the downward movement in inflation.
What will be the impact of the action taken already and what is the RBI trying to tell us about the way ahead? RM Malla chairman and managing director of IDBI Bank, Srinivasan Varadarajan executive director of Axis Bank, Srinivasaraghavan managing director of Sundaram Finance and Saumitra Chaudhuri economists from the Planning Commission, delineate RBIDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
