New Delhi, April 9 -- The Reserve Bank of India's decision to cut repo rate by 25 basis points in its monetary policy review has drawn mixed reactions from industry experts, with many voicing expectations for a sharper reduction to better support economic growth.
While the move to bring the key policy rate down to 6 per cent and the shift in stance from "neutral" to "accommodative" was largely in line with expectations, several economists and industry leaders believe a more aggressive approach was warranted amid benign inflation and sluggish growth indicators.
Jyoti Prakash Gadia, Managing Director at Resurgent India, said a more expansionary stance could have been adopted.
"Considering the controlled level of inflation, expected norma...
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