Mr. Mihir Vora's Comments- fourth RBI Bi- Monthly Monetary Policy announcement, 2016-17 - MYREALITY.In, Real Estate, Share Market, Mutual Fund, Insurance
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Tuesday, October 04, 2016

Mr. Mihir Vora's Comments- fourth RBI Bi- Monthly Monetary Policy announcement, 2016-17



Mr. Mihir Vora's Comments- fourth RBI Bi- Monthly Monetary Policy announcement, 2016-17

comments of Mr. Mihir Vora- Director and Chief Investment Officer, Max Life Insurance on the fourth RBI Bi- Monthly Monetary Policy announcement, 2016-17
“RBI has cut policy rates by 25 basis points, a couple of months before our expectations. This is the first monetary policy announcement under the framework of the Monetary Policy Committee. All 6 members of the committee voted in favor of a 25 basis points cut. The RBI has taken cognisance of global as well as domestic factors.  Global growth and trade has slowed down more than expectations in the past few months and domestic inflation seems to be on target of 5% by March. However, the Governor highlighted upside risks to inflation as a result of the Seventh Pay Commission payouts by the Central and State Governments.

Growth forecasts for India have been maintained. The RBI remains committed to maintaining positive liquidity. Overall, while the rate cut was a mild positive surprise, the policy commentary was not as dovish as expected by the markets.

We have been expecting 50 basis points rate cut in this financial year, out of which 25 basis points have been delivered. We expect another 25 basis points reduction in policy rates during the current financial year.”

Mr. Mihir Vora's Comments- fourth RBI Bi- Monthly Monetary Policy announcement, 2016-17 Reviewed by S. Chitra on October 04, 2016 Rating: 5 Mr. Mihir Vora's Comments- fourth RBI Bi- Monthly Monetary Policy announcement, 2016-17 comments of Mr. Mihir Vora- Director a...

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