Good for growth says Chandrajit Banerjee, Director General, CII on Third Bi-Monthly Monetary Policy
The 25 basis points reduction in the repo rate, even while continuing with the neutral approach, would go a long way in lifting sentiment among businesses. The monetary policy stance taken by the RBI would provide a fillip to growth especially at a time of benign core inflation print and tepid private investment. Having said so, CII feels that a…
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