Expert quotes – Expectations from RBI’s upcoming MPC meeting

Kunal Varma, Co-Founder and CEO, Freo:

“As we begin the new fiscal year, the subsequent Monetary Policy Committee (MPC) meeting will be keenly observed for signs on the direction of interest rates. Though inflation seems to be gradually easing, global uncertainties and food price volatility remain on the radar. We do not expect a rate cut in the near term; however, it would not be surprising if the pause extended in a more dovish manner. For borrowers, interest rates can still remain stable in the near term, but the latter half of the year might bring some relief if inflation keeps softening. The attention will still remain focused on growth support while keeping a lid on inflation.”

Rohit Garg, CEO and Co-Founder, Olyv:

“As the MPC meeting draws near, the fintech industry is keenly watching for signs of a possible rate cut—especially with inflation easing and global economic uncertainties in play. A rate cut could catalyze borrowing, accelerate digital lending, and boost financial inclusion—all of which are key pillars of fintech growth. However, the RBI faces a delicate balance between supporting growth and maintaining financial stability amid global market volatility. For fintechs, lower rates could improve credit accessibility for both consumers and small businesses. That said, we remain cautious of external shocks. The right policy move at this juncture can further digitize India’s financial ecosystem and build long-term resilience.”