Anand Rathi Group Chief Economist Sujan Hajra on RBI Policy
This story was originally published at 13:03 IST on 7 October 2026
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NEW DELHI – Sujan Hajra, chief economist and executive director at Anand Rathi group, said the following on the Reserve Bank of India's fourth bi-monthly monetary policy statement for 2026-27 (Apr-Mar) detailed Wednesday:
The RBI's 25-basis-point hike was, in our assessment, a touch-and-go decision shaped by extraordinary circumstances. Resilient domestic growth provided room to act, while rising food prices, elevated global crude prices, higher global and domestic bond yields and rupee depreciation weighed heavily in favour of tightening. This does not necessarily herald a series of further hikes: even the calibrated tightening stance leaves room for a pause, depending on how inflation and external pressures evolve. With the move fully priced in, we do not expect a negative financial-market impact. Indeed, the RBI's willingness to take a difficult decision should reassure markets about its commitment to price stability and strengthen confidence in its management of an unusually challenging environment. End
Compiled by Devanshu Singla
Edited by Shubhayan Bhattacharya
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