The industry was hopeful about another rate cut : VP Mahendru, Chairman, EON Electric

Mr. VP Mahendru, Chairman, EON Electric

“With inflation and global crude oil prices inching up, the industry was hopeful about another rate cut. In its last review of the Monetary Policy in April this year, the RBI had announced a slew of liquidity enhancement measures which has helped in increasing liquidity in the system. The market will start gaining momentum once RBI starts persuading banks to pass on benefits of earlier rate cuts to borrowers, as they have only lowered lending rates by 65 bps since early 2015.”