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Informist, Wednesday, Apr. 8, 2026

 

MUMBAI - Vikas Gupta, chief executive officer and chief investment strategist, OmniScience Capital, said the following on the Reserve Bank of India's first bi-monthly monetary policy statement for 2026-27 (Apr-Mar) detailed Wednesday:

 

Before the US-Iran-Israel war started, the expectation was that RBI would be biased towards rate cuts. With oil prices spiking close to $100, the chances of inflation increased and the INR depreciated significantly. Even with the ceasefire apparently in place, it is likely to be a very volatile situation in the near future. Under these circumstances, it was expected that the RBI would remain neutral and carefully watch the data and its impact on inflation, the INR, and forex reserves. If the war actually ceases before the next meeting, the RBI could focus more on growth and possibly cut rates.  End

 

Compiled by Prateem Rohanekar

Filed by Avishek Dutta

 

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