Monetary Policy quote from Mr. Rajiv Sabharwal, MD and CEO, Tata Capital
Posted on: 04/Apr/2019 3:40:57 PM
Quote from Mr. Rajiv Sabharwal, MD and CEO, Tata Capital on the monetary policy.
“In the first monetary policy of FY 19 - 20, RBI as expected delivered a 25bps rate cut in the Repo Rate. With the RBI’s recent long-term forex swap tool and OMO’s infusing liquidity, credit growth will continue to gain momentum. Further, India’s bond market will attract foreign inflows and boost market sentiments. With Inflation under control and signs of a stronger Rupee supports RBI’s neutral stance, which will fuel growth in the economy. The RBI may pause and closely watch for global growth cues and impact of the monsoon before any further intervention.”
