Kotak Bank chief economist Upasna Bhardwaj on RBI Policy
This story was originally published at 10:47 IST on 5 August 2026
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MUMBAI - Upasna Bhardwaj, chief economist, Kotak Mahindra Bank, said the following on the Reserve Bank of India's third bi-monthly monetary policy statement for financial year 2026-27 (Apr-Mar) detailed Wednesday:
The Reserve Bank of India's decision of status quo has been in line with expectations. The tone has been well balanced, highlighting the risks and, hence, the policy decisions ahead being data dependent. We continue to see scope for 50 basis points of rate hike in 2HFY27 (Oct-Mar), especially as 1QFY28 (June quarter of next financial year FY2028) inflation also continues to look above 5%.
Compiled by Nandini Sinha
Filed by Himanshi Gupta
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