Views of Mr. Arun Gopalan Vice President – Research, Systematix Shares & Stocks (I) Ltd on the RBI’s Monetary Policy Review

Mr. Arun Gopalan Vice President – Research, Systematix Shares & Stocks (I) Ltd on the RBI’s Monetary Policy Review

“A 25 bps cut in rates was already factored-in by the markets, but what spooked the markets were the announcements that came with it. The Govt’s lowering of the monsoon forecast to 88 per cent of the long term average, coupled with the RBI lowering its GDP forecast by 20 bps to 7.6%, seems to imply a long wait for further cuts.”