Rana Kapoor, MD & CEO, YES Bank, while complimenting the MPC and the Governor for their flying start, said, "The maiden policy decision taken by RBI’s MPC is completely justified by the ongoing disinflation in the economy. Today’s rate cut will boost sentiment and contribute towards reinvigorating growth impulses in the infrastructure, construction & manufacturing sectors. Backed by a healthy set of domestic macros and sustained global deflation, I expect 75 bps further easing in the coming months."
Mr. Anand Natarajan, Head of Strategy and Business Execution, Fullerton India Credit Company Limited , said: “The reduction in repo rate has been driven, expectedly, by continuing improvement in food inflation given strong sowing and measures to improve supply. We are hopeful that ample liquidity will enable continued transmission of this reduction, which will help further vitalize industry."
The 25 bps cut in the repo rate would help enhance the competitiveness of the knitwear garmenting exporting units, provided the benefit of such a reduction is passed on to customers, said Raja M Shanmugham, President, Tirupur Exporters' Association.
Exporters are struggling to sustain in the global market. This reduction of 25 bps in the repo rate would therefore bring some relief, he said, hailing the RBI's decision.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.