NAVI MUMBAI, Aug 7, 2020: Welcoming the RBI decision not to change the repo rate, Mohit Kakkad, Director & Founder, VN Finance, said Inflationary pressure is being felt across sectors specially food sector currently. Therefore, it's not advisable to decrease the rate as of now.
However the Inflation outlook is favourable on good expected crop this year, he said.
“This is the time to wait and carefully watch the economic impact of Pandemic,” Kakkad said.
The accommodative stance of RBI indicates that if inflation subsides and remains under control in future they may review and think of further cut in the rate to boost the economy, he added.