BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
SBI Research Report
As widely expected, RBI's Monetary Policy Committee unanimously decided to increase policy Repo rate by 50 basis points to 4.90% while also remaining focused on ‘withdrawal of accommodation' to ensure that inflation remains within the target going forward, all the while supporting growth.
RBI has retained its real GDP growth forecast for FY23 at 7.2% with risks broadly balanced.
However, inflation projection for FY23 has been revised upwards by 100 basis points to 6.7% on account of several factors including tense global geopolitical situation, elevated commodity prices, adverse global supply conditions and heightened crude oil prices.
Average crude oil price (Indian basket) assumption is now taken at $105 per barrel from $100 per barrel.
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