RBI reminding of Sunil Gavaskar: Nilesh Shah after Shaktikanta Das’ announcement

Nilesh Shah, MD of Kotak Mahindra Asset Management Company, compared RBI Governor Shaktikanta Das to opening batsman Sunil Gavaskar for standing without fear in front of a challenging global environment. The RBI is balancing growth and inflation, said Shah. The Indian market would be pleasantly surprised if GDP growth for FY24 came in line with RBI expectations of 6.5%, he added. Meanwhile, at the three-day meeting of RBI’s monetary policy committee, the decision was unanimously made to keep the policy rate unchanged at 6.50%.