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Informist, Wednesday, Aug. 5, 2026

 

MUMBAI - Ranen Banerjee, partner and leader, economic adviser, PwC India, said the following on the Reserve Bank of India's third bi-monthly monetary policy statement for the financial year 2026-27 (Apr-Mar) detailed Wednesday:

 

The pause by the MPC was as per expectations. The volatility in trade and energy flows makes it very difficult to make a move on the policy rates, as we have almost daily swings, especially on the Middle East (West Asia) front, and that has a great bearing on the Indian economy. The monsoon-related uncertainty on the agricultural front and consequently food inflation risks have weighed on the decision, but there is optimism that inflation abates in Q4 (March quarter). A positive note is that on the growth front, the RBI expects to hold and possibly improve. Since there is no overheating of the economy and inflation is still within its targeted band, the future MPC meeting decisions will be more influenced by the movement of US yields, developments in the Middle East, and capital flows.  End

 

Compiled by Radhika Tiwari

Filed by Himanshi Gupta

 

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