MPC announcement in line with expectations, says CRISIL report

New Delhi, Aug. 8 -- A CRISIL report has stated that the Monetary Policy Committee (MPC) announcement was in line with expectations, with a prediction of a mild inflation rise in the second half of the fiscal year.

This report also pointed towards a prudent policy approach in a volatile business environment. It stated, " We expect India's GDP to grow 6.5 per cent with risks to the downside from tariff hikes by the US. The tariff impact will likely get more pronounced in the second half of the fiscal year as the rates get finalized." "However, domestic demand will help offset external headwinds. RBI's rate cuts of this fiscal will be pivotal in improving domestic demand, especially in urban areas," the report noted. The previous significan...