RBI MPC Meeting: Check what Anil Singhvi expects from the RBI Governor ahead of the policy announcements today - details here

RBI MPC Meeting: The Reserve Bank of India (RBI) Monetary Policy Committee (MPC) meeting started from October 6, 2021 and ends today, October 8, 2021. The policy announcements will be made today.

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Before the policy announcements, Anil Singhvi, Managing Editor, Zee Business, tries to find out the answers to several anticipated questions - Where is the focus in the credit policy? How much one should be worried about inflation? Whether commodity inflation will have an impact on credit policy? How will the market remain after the credit policy?

#RBI की क्रेडिट पॉलिसी में कहां फोकस?

महंगाई को लेकर कितनी चिंता?

कमोडिटी की महंगाई का क्रेडिट पॉलिसी पर होगा असर?

क्रेडिट पॉलिसी के बाद कैसे रहेंगे बाजार?

आज के दिन के लिए क्या रखे स्ट्रैटेजी?#EditorsTake | #RBICreditPolicy | #inflation | #AnilSinghvi | @AnilSinghvi_ pic.twitter.com/WpDcCBMiJw

— Zee Business (@ZeeBusiness) October 8, 2021

Singhvi pointed out that there would be no major changes in the RBI MPC meeting. He also said that there is no concern with growth as well because the RBI Governor is well aware of the figures. He feels that there is no cause of worry regarding the growth figures for the RBI Governor. However, the major cause of concern is inflation.

#RBICreditPolicy पर बड़ी कवरेज....

RBI की पॉलिसी को बारीकी से समझें...अनिल सिंघवी के साथ सबसे बड़ा पैनल सिर्फ ज़ी बिज़नेस पर। @AnilSinghvi_ | @deepdbhandari | @Ajay_Bagga https://t.co/in5z0Cw8A0

— Zee Business (@ZeeBusiness) October 8, 2021

Anil Singhvi said that the thing to watch out for is whether the RBI Governor is as concerned as the common people regarding the inflation and price rise. If he is less concerned than the people, then he should show that as he has better understanding of these issues. If the RBI Governor states that this inflation is temporary, then there is not much to worry about.

However, Singhvi further pointed out that the Governor can say that due to global inflation, the issue is a bit complex then there is a cause of concern. The prices are rising for the commodities across all the sectors. The main cause of concern for the RBI Governor will be the inflation of the imported goods. If the Governor gets too cautious about this during the policy announcement, then the markets can react slightly. Singhvi feels that the RBI Governor can say that the inflation can go beyond the target and that can be a cause of concern.

The Market Guru feels that if the RBI Governor says that the inflation is more because of the supply side than the demand side, then the markets will be pleased. Globally, the supply of various things is artificially manipulated, there is a shortage of containers, products are stopped intentionally. Now, the question arises that if the core inflation issues of the country can be addressed with the supply side issues?

So, these are the main things to look out for in the announcement of the RBI Governor and based on that the markets can react slightly.