Rana Kapoor on RBI Credit Policy

DSC_8387Although the RBI maintained monetary status quo, the accommodative bias continues. With CPI inflation poised to moderate to 5% levels by end FY17 and government committed towards spurring investment led growth and maintaining high quality fiscal consolidation, incremental room for monetary accommodation will open up post the announcement of FY17 Union Budget.

I expect the RBI to play a complementary role and lower rates by 75 bps in 2016