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The RBI's decision to hold rates is a prudent one:Colin Shah

Colin Shah, MD, Kama Jewelry commenting on RBI policy said, “The RBI's decision to hold rates is a prudent one, as the effects of the previous rate hikes are still having effects on the system. The unchanged policy stance indicates the nimbleness to act basis the evolving situation. We are currently witnessing lower inflation, a stable growth rate, and absolute positive system liquidity. The RBI maintaining a growth rate of 6.5% and lowering the inflation estimate to 5.1% was encouraging. It indicates consumer discretionary spending. Largely, we expect an easing of rates by CY24. However, the risk of global shocks remains.’

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