Reaction Quote on RBI Monetary Policy by Upasna Bhardwaj, Chief Economist, Kotak Mahindra Bank

Upasna Bhardwaj, Chief Economist, Kotak Mahindra Bank said, “The MPC delivered a 25bp rate hike in line with expectations, with a surprise shift in stance towards recalibrated tightening. We continue to see 25-50bp of additional rate hikes going ahead, with further upside if global risks persists.”