Zee Business Managing Editor Anil Singhvi praised Reserve Bank of India's (RBI) stance to focus on growth at a time when concerns around inflations were being stressed. The Market Guru called the decision of the Indian Central Bank in the February Monetary Policy announcements excellent.

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The Market Guru said that the Governor lived-up to his great track-record of growth-oriented approach. He was the first to slash interest rates when it was required and will increase rates when the need arises. 

The three-day Monetary Policy Committee (MPC) meeting which began on 8 February concluded today. The Committee decided to leave repo rate and reverse repo rate unchanged for the straight 10th time at 4 per cent and 3.35 per cent respectively.

The six-member committee also decided in favour of maintaining an accommodative stance with five members voting for it while one against it. 

Singhvi said that the RBI has not taken its sight from the growth despite the looming inflation scenario. This is what he liked most about this bi-monthly policy, he added. He said that it was quite easy for the Governor to focus on inflation at a time when the growth is picking up.

The markets have responded with an equal zeal as they ended in the green, he further said.  

The RBI Governor has shown full faith in the economy, Singhvi said. 

The CPI inflation projection for FY23 is at 4.5%, Reserve Bank of India (RBI) Governor Shaktikanta Das today said during his policy speech. 

However, he said that the RBI was hopeful that inflation would peak in the current quarter and still be within the tolerance band and later moderating in the second half of the next fiscal.

Anil Singhvi believes that Governor Das is growth-oriented and is far-sighted when it comes to policymaking.

The track record of Governor Das and today's policy is accurate, according to Anil Singhvi.

He also agreed with RBI's decision to continue with its accommodative stance. 

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