New Delhi, Dec. 6 -- The central bank, by keeping the rates unchanged, has recognised that the need of the hour is to infuse confidence about the economic growth through a holistic approach. This will come by combining fiscal and monetary measures, Ramesh Nair, CEO & country head for India at JLL says.
"Amidst the ongoing debate of whether the RBI will bottom out its rate cut cycle or continue to slash policy rates, the sixth bi-monthly monetary policy review of 2019 ended with the central bank keeping the policy rate unchanged at 5.15%. The conjectures over the RBI pulling a pause button over rate cuts turned out to be true as it has maintained its accommodative stance," he observes.
He adds, "The decision to maintain policy rates augurs...