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Informist, Wednesday, Oct. 1, 2025

 

MUMBAI -  Avnish Jain, head fixed income at Canara Robeco Asset Management Co. Ltd., said the following on the Reserve Bank of India's fourth bi-monthly monetary policy for 2025-26 (Apr-Mar) detailed on Wednesday:

 

The outcome of the RBI Monetary Policy Committee meeting was on expected lines with RBI-MPC maintaining status quo on rate at 5.5% as well as stance at "neutral", though two members voted for stance to change from neutral to accommodative. However, the policy commentary was dovish, with the RBI governor noting that with CPI headline inflation falling more than anticipated coupled with GST reforms, is likely to have a "sobering impact" on inflation, and risks to growth from US tariffs, opens policy space for supporting growth, though the MPC members would like to wait and watch the full impact of the 100-bps cut before taking any further action. CPI inflation projection for FY26 was reduced to 2.6% from 3.1% in last meeting in August. Growth projections were raised upwards to 6.8% for FY26 from 6.5% in the previous meeting. The governor noted that liquidity conditions remained surplus with average liquidity adjustment facility absorption of INR 2.1 trillion since last policy meet in August and the cash reserve ratio cut is likely to further bolster liquidity in the system.  End

 

Compiled by Arundathi AR
Filed by Akul Nishant Akhoury 

 

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