te RBI MPC Meeting: Anil Singhvi's Take - How commentary on inflation to impact markets? | Zee Business

RBI MPC Meeting: Anil Singhvi's Take - How commentary on inflation to impact markets?

Zee Business Managing Editor Anil Singhvi gives his take on the issue and what the markets should expect from the policy announcements on Friday.

RBI MPC Meeting: Anil Singhvi's Take - How commentary on inflation to impact markets?
Zee Business Managing Editor Anil Singhvi gives his take on the issue and what the markets should expect from the policy announcements on Friday.

RBI MPC Meeting: The Reserve Bank of India (RBI) Monetary Policy Committee (MPC) meeting starts from today, October 6, 2021, and will continue till October 8, 2021. The policy announcements will be made on Friday, October 8, 2021.

See Zee Business Live TV Streaming Below:

TRENDING NOW

Zee Business Managing Editor Anil Singhvi gives his take on the issue and what the markets should expect from the policy announcements on Friday. The Market Guru said that the commentary from the MPC meeting will be important. 

 

He said that he would like to clear the fact that whatever is in the hands of the RBI Governor, Shaktikanta Das, be it monetary policy, liquidity management and others are doing fine. There is also an external factor which is not in his control and that is global inflation.

Singhvi also highlighted the fact that there are certain issues on the supply side that can be addressed. Again, there are certain regional factors related to inflation that are specific to India. In these cases, if the central government and RBI work together then these issues can be sorted.

Nevertheless, there are certain global factors about which little can be done. For instance, the price of crude oil is not in the hands of the country. Also, there is a global energy crisis about which little can be done in India except for increasing the supply.

Singhvi noted that the most important element in the commentary of the RBI governor will be how much he is concerned about the inflation and how much he is confident about getting the inflation under control. This will mark the progress of the market.

The balance between inflation and growth and RBI's mandate on inflation can be a little cause of concern. However, Singhvi believes that there will be no significant change in this meeting. Again, if the language of the RBI governor sounds cautions regarding the inflation, then it can be a cause of worry for the market.

Written By: ZeeBiz WebTeam
Edited By: Shivendra Kumar
Updated: Wed, Oct 06, 2021
10:59 am
New Delhi , ZeeBiz WebDesk
RELATED NEWS
Bank Holidays in February 2024: Banks to open for 18 days in February, check full list here Bank Holidays in February 2024: Banks to open for 18 days in February, check full list here
Zomato gets RBI approval to operate as 'online payment aggregator' Zomato gets RBI approval to operate as 'online payment aggregator'
RBI issues guidelines to trace customers with inoperative accounts, unclaimed deposits RBI issues guidelines to trace customers with inoperative accounts, unclaimed deposits
2023 Recap: A look at 11 key developments in Indian financial markets 2023 Recap: A look at 11 key developments in Indian financial markets
Piramal to adjust Rs 3,164 cr AIF exposure to comply with new RBI order Piramal to adjust Rs 3,164 cr AIF exposure to comply with new RBI order

By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

x