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Informist, Wednesday, Oct. 1, 2025

 

MUMBAI - Abhishek Bisen, head – fixed income, Kotak Mahindra Asset Management Co., said the following on the Reserve Bank of India's fourth bi-monthly monetary policy for 2025-26 (Apr-Mar) detailed on Wednesday:

 

In line with majority expectation, RBI chose to hold on policy rates with unanimous vote by all members in its MPC meeting of Oct'25 (October 2025). MPC have kept the stance also unchanged at neutral, however, two external members voted for stance change to accommodative. RBI Governor further guided that space for monetary easing is available given the drop in inflation due to GST cut and growth below aspiration. MPC wants to watch out on the global developments and impact of GST rationalisation on domestic growth. RBI has revised projections for FY26 GDP growth higher to 6.8% (from 6.5% in Aug'25) and revised FY26 headline inflation down to 2.6% (from 3.1% in Aug'25) on the back of GST rate cuts. Projection for headline inflation for Q1FY27 has also been revised lower to 4.50% from 4.90% projected in Aug'25. Market has read the policy as a neutral to dovish. We expect RBI to ease policy rates by 25 bps in the next MPC meeting.  End

 

Compiled by Akshat Saksena
Filed by Tanima Banerjee

 

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