Kolkata, Oct. 1 -- The EEPC India today said the RBI's Monetary Policy Committee (MPC) decision to keep the repo rate unchanged at 5.5 per cent suggested the central bank's cautious approach in view of prevailing macroeconomic conditions. At the same time, it has also decided to maintain a neutral stance, remaining flexible in response to the evolving economic situation.
"While we welcome the MPC's decision, we hope that the key policy rate will be reduced during the remaining part of the fiscal 2025-26 so as to lower the cost of credit for the borrowers," EEPC India chairman Pankaj Chadha said.
As highlighted in the monetary policy statement, ongoing trade policy uncertainties stemming primarily from the US pose downside risks to exports...