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.

How does the speaker view the impact of global currencies on the RBI's decisions?

What is the significance of the goods and services tax (GST) in the context of the RBI's fiscal situation?