“RBI’s decision to hike the repo rate by 50 bps is on expected lines and will help in taming the retail inflation which has remained high over the last few months. It may also help in addressing another concern of a depreciating rupee. In the past few months, the country has experienced an increase in investment activity suggestive of an economic revival and the current festive season is expected to give a further fillip to the economic activities. Amid several other short term global macro concerns such as geo-political tensions, global financial market volatility, crude oil prices, supply side disruption, and tightening global financial conditions, India remains the beacon of hope and an ocean of opportunity and RBI’s move is in the expected and right direction.”
RBI hikes repo rate by 50 basis points – Views by Mr. Avinash Godkhindi, MD & CEO of Zaggle
