‘RBI acting on expected lines’

Poonam Tandon

Chennai: “On expected lines, the RBI kept the policy rates unchanged, retained an accommodative stance to support growth while keeping a close watch on inflation,” said Poonam Tandon, CIO, IndiaFirst Life Insurance Company Limited.

According to Tandon, the focus is on recovery even as there is near-term uncertainty due to the recent rise in Covid cases and uneven growth across countries.

“However, the inflation target has been revised upwards but well within the tolerance band despite some components being at the higher end due to uncertainty around monsoon, higher global commodity prices, and higher logistic cost,” the CIO added.

 

NT Bureau