Axis Bank's Bhattacharya Sees RBI Holding Rates

The transcript discusses the Reserve Bank of India's (RBI) meeting, focusing on the probabilities of holding, cutting, or hiking rates. It highlights global economic uncertainties, such as the US Fed's actions and currency movements, which impact RBI's decisions. The discussion also covers inflation concerns, driven by factors like the house rent allowance and commodity prices, and fiscal issues related to India's GST implementation. The conclusion suggests that the RBI is likely to hold rates due to these uncertainties, with a strategy of waiting and watching the economic developments.

What is the most likely outcome of the RBI meeting according to the speaker?

• Holding the current rate

• A rate cut

• Introducing a new policy

• A rate hike

Which global entity is almost certain to hike rates, influencing the RBI's decision?

• Bank of Japan

• Bank of England

• European Central Bank

• US Federal Reserve

What is a significant domestic factor affecting the RBI's decision on interest rates?

• Tourism rates

• Political stability

• Export levels

• Inflation targets

How does the introduction of the Goods and Services Tax (GST) impact the RBI's decision-making?

• It increases government revenue

• It reduces inflation

• It creates uncertainty in fiscal situations

• It simplifies fiscal policies

What approach is the RBI likely to take according to the speaker?

• Wait and watch

• Immediate action

• Aggressive rate cuts

• Rapid rate hikes