New Delhi, June 5 -- The Reserve Bank of India's latest monetary policy has been welcomed by market experts as a comprehensive package aimed at strengthening India's external position while maintaining a firm focus on inflation management.
According to Anindya Banerjee, Head of Commodity and Currency Research at Kotak Securities, the policy goes beyond a conventional rate decision and should be viewed as a broader balance of payments strategy. The RBI kept the repo rate unchanged at 5.25 per cent and retained its neutral policy stance, even as it raised its FY27 inflation forecast by 50 basis points to 5.1 per cent.
Banerjee noted that the central bank has clearly signaled that interest rates will remain primarily focused on inflation con...