00:00Hello and welcome, you are watching Good Returns and I am with you.
00:04RBI policy came out, which was all the time he came to do.
00:08The state of the country was looking for the U.S. and the RBI policy as well.
00:12Finally, the RBI governor Sanjee Malhotra announced that the repo rate was unchanged in 5.25%
00:20but there are many numbers that come out.
00:23inflation to make estimates and GDP focus numbers.
00:30What numbers are saying?
00:32Is it just the repor rate unchanged?
00:37Or what is the RBI policy which was the uncertainty that was in economy?
00:45The global economy tensions were on the BHA.
00:51we will not be able to remove the markets and economy from this crisis.
00:56This is why we will discuss all this in this video.
01:02Dr. Janak Raj Ji is here.
01:04Sir, welcome to Good Returns.
01:08Sir, you have already been a part of the MPC committee.
01:12You have seen a lot of policies and announced that you are being a former member of RBI as former
01:23executive director.
01:24This RBI policy is in this global tension.
01:29A big news from this before, that the ceasefire has been done for two weeks.
01:32Donald Trump announced it.
01:35Middle East tensions will be eased out.
01:37But then, the geopolitical tensions have been very impacted on the planet.
01:42Does this RBI policy look like this?
01:44It will look like this tension and this impact will look like this?
01:49Look, this was a big issue.
01:51The war was going on.
01:53It was a ceasefire.
01:54Let's see what happens.
01:55There is no issue.
01:57It was much more.
01:59In that situation, I don't think that there will be any change in policy.
02:06We don't know what you have to say.
02:07Because it is very difficult to get the role of a company,
02:12there is a lot of pressure on the economic improvements.
02:25Yeah.
02:27Yeah.
02:34Yeah.
02:37Yeah.
02:39Yeah.
02:50Yeah.
02:52Yeah.
02:56Yeah.
02:58Yeah.
03:03Yeah.
03:32I don't know.
03:35but it also depends on that if you understand it, it might be a little bit more than that.
03:41But we need to see what happens in the future.
03:45Coming back to RBI policy, we are talking about unchanged, but there are three things
03:53that we want to put attention to you and our viewers.
03:57First, the stance is neutral. The other thing is that the CPI inflation focus for 2027 was revised.
04:09It was increased by 4.6 percent.
04:13The RBI's limit is slightly higher.
04:17The third point is GDP forecast.
04:22GDP focus also revised.
04:24RBI has also revised the 6.5 to 6.9 percent.
04:28The 6.9 percent, which is the focus of the previous 7 percent,
04:34it is reduced.
04:36The inflation focus is increased.
04:38The GDP focus is reduced.
04:40How difficult for the economy is this time?
04:42How much will it be?
04:43Yeah, see, I have three questions raised to me.
04:46I will get to this one.
04:48Look, it is a supply shock.
04:51The prices are increased.
04:53The prices are increased.
04:55The prices increase.
04:57The price increase.
05:00The prices are increased.
05:01The prices increase.
05:03The prices increase.
05:13foreign
05:35I think that's a neutral stance.
05:38You have a flexibility to reduce the rate.
05:41You have to lower the rate, lower the rate.
05:46It was necessary.
05:48This was very necessary.
05:48The flexibility is very necessary.
05:52Because we don't know what will happen.
05:55I explained this stance.
05:57Inflation, this has a strong effect.
06:04As you saw, the number of the number of the number of the number of the number was.
06:11The number was less likely to do this.
06:15The number of the number was 4.4% and 4.4%.
06:19The number of the number was 5.2% for Q3 and 4.7% for Q4.
06:34foreign
07:19is
07:27ुद्ध काम हो गया और इंफलेशन बढ़ गया जी चलिए इंफलेशन तो सरम समझ रहे हैं सप्लाई शौक है जीडिपी
07:34नंबर्स भी समझ रहे हैं यहां पर एक मेजर फैक्टर सप्लाई शौक का आ रहा है लेकिन एक और पॉइंट
07:40है जहां पर मैं सवाल करना चाहते हूं �
07:42वो है रुपी के परस्पेक्टिव से बातिया रुपिया लगाता तूटता हुआ दिखाई दे रहा है जब से मिडलीस टेंशन शुरू
07:48हुई है और अगर हम अभी देखें तो कहीं न कहीं जा करके जब से यह सीसफायर का अनाउंस्मेंट हुआ
07:54और टेंशन थोड़ी काम हो
07:56होने लगी भाती रुपे में थोड़ी स्ट्रेंथ आई है रुपे को स्टेबिलाइज किया जाया सके बहुत सारे अलग-अलग तरीके
08:04के रूल्स जो है वो अर्विया ने अनाउंस किये थे बैंक्स के उपर लिमिट लगाई गई थी कई तरीके की
08:10तो कहीं न कहीं रुपे क
08:13स्टेबिलाइज होने की उम्मीद करना सही होगा क्या क्या यह जो पॉलिसी आई है यह रुपे को सपोर्ट दे सकती
08:19है और साथ-साथ पॉरेक्स जो हमारा है फॉरेक्स इंट्रवेंशन उसको लेकर के भी आपका आउटलुक जानना चाहते हैं
08:32इसका कोई रिजब बैंक की पॉलिसी इंट्रवेंशन नहीं बनाई जाती बात क्लीर करना चाहता हूं और रिजब बैंक का वो
08:41जो पॉलिसी हैं वो काफी
08:45foreign
09:24foreign
09:28foreign
09:38foreign
09:45foreign
10:03So when the money comes out, there will be pressure on the price of oil.
10:09If the portfolio of outflows will decrease, then it will have a good effect in the future.
10:15The tone of RBI was cautious.
10:18We expect this.
10:19Or the next monetary policy, which will come in June.
10:23There are expectations of rate cuts.
10:28We expect this rate cuts.
10:34But what do we expect?
10:37No, I don't think that rate cuts will be increased.
10:39In February, when I was talking, I was talking about another channel.
10:44It seems that one rate cuts is increased.
10:47I don't think the price cuts are increased.
10:49The last policy of oil was 65 or 70 dollars per barrel.
10:55Now it's 96 dollars per barrel.
10:58I don't think that the number of inflation is 0.7 percent is 0.4 percent.
11:05So the monetary policy is forward-looking.
11:18Then it actually tearsكون, we have easily noticed that
11:19About около that, though the number of inflation too much gets injured,
11:21But we don't think it is still difficult to keep on the price of it.
11:23But, I need to know that the rate pushes him around the side,
11:26So that's that's only 1-2 percent policy,
11:26We'll need to improve these levels,
11:29You get to know when theotipThat tells me you put that a粉ip…"
11:36Can we see how the monsoon will behave?
11:46How do we see how the economic situation evolve?
11:52I don't want to say that we will do it.
11:55If we see how the economic situation will evolve,
12:01we will see how the economic situation will be.
12:03If the economic crisis will be better then the economic situation will be better.
12:12But the government said that it will become a low effect.
12:19Now, I don't want to say that it will not be possible,
12:24but we will not be able to say that.
12:27It will not be possible to say that.
12:39Thank you so much Dr. Janak
12:41for joining us.
12:42There were many questions in mind
12:44about how to see RBI policy.
12:46I think there are quite clarity
12:47to get our viewers.
12:48Thank you, sir.
12:49Thank you, thank you.
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