The monetary policy which has come on expected lines with no change in policy rates and stance is, however, very optimistic about the current financial year. Emphasising that “CPI inflation is in declining trajectory and GDP growth is buoyant” the Governor has projected CPI inflation of 4.5% and GDP growth of 7% for FY 25. This optimism augurs well for the stock market. Governor’s remark that “private capex cycle is getting broad-based and capacity utilisation is improving “ is good news for the capital goods segment.
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