“With Inflation expected to be above 4% in the next 12 months, RBI’s decision to raise the repo rate by 35 basis points to 6.25 % was no surprise. It is commendable as to how the Indian economy remains resilient and is still among the fastest-growing major economies in the world given the current turmoil and geopolitical situation witnessed around the world. Credit needs to be given to the RBI, led by Governor Shaktikanta Das, as to how the prices and size of the money in the economy has been managed. With rural demand recovering and urban consumption rising we are seeing green shoots of financial stability which is the main focus of the MPC along with curbing the increasing inflation.”