Geojit Invest Chief Invest Strategist Vijayakumar on RBI Policy
This story was originally published at 13:17 IST on 7 October 2026
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NEW DELHI - V.K. Vijayakumar, chief investment strategist, Geojit Investments Ltd., said the following on the Reserve Bank of India's fourth bi-monthly monetary policy statement for 2026-27 (Apr-Mar) detailed Wednesday:
RBI has delivered a timely, hawkish rate hike. The highlight of the policy which was largely on expected lines, is the pivot in monetary stance from neutral to 'calibrated tightening'. This implies, perhaps, two more rate hikes in this tightening cycle.
The revision in FY27 GDP growth number by 40 bp to 7.1% from 6.7% indicates the central bank's confidence in the growth momentum in the economy. This augurs well for the market. From the sectoral perspective, banking looks the clear winner. Rising floating rates are margin accretive for banks. End
Compiled by Gunjan Rajput
Filed by Avishek Dutta
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