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Budget Quotes

RBI Monetary Policy Quote by Mr. Kishore Lodha, Chief Financial Officer, U GRO Capital

Reacting to the RBI Monetary Policy, Kishore Lodha, Chief Financial Officer, U GRO Capital said, “Thematically RBI is looking extremely cautious and concerned about inflation. RBI is targeting an inflation of 4% and as of now, it’s way above that. Though inflation is within the tolerance band of 6%, hence the RBI has decided to […]

Budget Quotes

Quote on RBI MPC Announcement by Managing Director at S Raheja Realty

“We are ecstatic that RBI has continued to maintain the REPO rate pause for a third time in a row. Strong economic conditions and the revised inflation prediction for FY24 being within the central bank’s upper tolerance range of 6% underpin the decision to retain the status quo. In spite of mild inflation, keeping policy […]

Budget Quotes

Quote by Mr. Sanjay Palve, Senior Managing Director, Essar Capital Ltd. on today’s RBI Monetary Policy.

“Today’s RBI monetary policy decision to maintain policy rates and stance, aligns with our expectations in this dynamic economic environment. The MPC’s focus on managing inflation while nurturing growth underscores the delicate balance needed for sustainable economic progress. The focus on ‘withdrawal of accommodation’ stance is expected to continue with volatile inflationary pressure due to […]

Budget Quotes

Quote by Mr. Rajiv Agarwal, MD & CEO, Essar Ports

“In the ever-evolving global arena, our nation’s economic strength shines, making a significant 15% contribution to worldwide growth. The MPC’s dedication works to harmonise inflation with a 4% objective. Demonstrating prudence, the RBI retains the repo rate at 6.5%, upholding stability while envisioning a steady 6.5% growth for FY’24 despite inherent uncertainties. We hope to […]

Budget Quotes

Quote on RBI Monetary Policy – Mr Ajit Banerjee, Chief Investment Officer, Shriram Life Insurance

The decision of MPC in its just concluded meeting to maintain status quo on the policy rates at 6.50% and continue to retain its withdrawal of accommodation stance on a 5:1 vote was on expected lines. The Governor emphasised that retaining its withdrawal of accommodation stance is to ensure the headline inflation remains within the target […]

Budget Quotes

Quote by Akash Sinha, CEO & Co-Founder, Cashfree Payments.

“The Reserve Bank of India has once again emphasised the significance of promoting digital payments in its latest Monetary Policy announcement. By proposing innovative concepts such as Conversational Payments and Offline capability on the Unified Payments Interface, the Central Bank is wholeheartedly advocating the integration of cutting-edge technologies like Artificial Intelligence and Near Field Communication […]

Budget Quotes

Quote on RBI Monetary Policy – Mr. Pankaj Kalra, CEO, EOGEPL

“The recent RBI Monetary Policy announcement echoes our unwavering commitment to steer India’s growth momentum. With the key policy repo rate maintained at 6.5%, we acknowledge the strides taken to stabilise our economic landscape. While inflationary pressures still exist, challenges linger owing to global uncertainties, volatile commodity prices, and geopolitical complexities. The RBI Monetary Policy […]

Budget Quotes

Quote on behalf of Shri Madan Sabnavis, Chief Economist, Bank of Baroda on today’s RBI Monetary Policy announcement

“While the RBI has expectedly not changed the repo rate or stance this time, there has been a change in inflation outlook quite significantly. Interestingly the RBI has increased the forecast to 5.4% from 5.1% with the second quarter inflation crossing 6% (6.2%). This is indicative that for the present calendar year, there is no […]

Budget Quotes

Comments from real estate experts on RBI Policy announcement – August 10, 2023

Mr. Sandeep Runwal, President, NAREDCO Maharashtra “The decision by the RBI to maintain the repo rates at 6.50 percent is a favorable step, though a decrease in these rates would have positively impacted the optimism of potential homebuyers resulting in stimulated home sales. An adjustment like that would have injected more funds into the pockets […]

Budget Quotes

Quote on the expectation on RBI Monetary Policy : Bank of Baroda & Capri Global Capital Limited

Shri Madan Sabnavis, Chief Economist, Bank of Baroda: “We do expect a status quo decision by the MPC this time. Inflation while being lower than 5% in June is expected to come closer to 6% in July. The prices of vegetables as well as pulses will continue to exert upward pressure on food inflation. With […]