New Delhi, Feb. 6 -- Industry bodies and sectoral experts on Friday welcomed the Reserve Bank of India's decision to keep the policy repo rate unchanged at 5.25 per cent and retain a neutral stance, saying the move provides much-needed stability amid soft inflation, strong domestic growth and an uncertain global environment.
Announcing the Monetary Policy Committee (MPC) decision, RBI Governor Sanjay Malhotra said, "Headline CPI inflation remained low in November and December even as it firmed up by one percentage point in these two months. This increase was largely driven by the lower rate of deflation in the food group. Excluding gold, core inflation remained stable at 2.6 per cent in December."Reacting to the decision, the PHD Chamber o...