Mr. HP Singhania, Ex-President, FICCI and MD, JK Paper on RBI Review

Mr. Harsh Pati Singhania, Ex President, FICCI and MD JK Paper on RBI's 3rd Quarter Review of Monetary Policy.

"The announcement to reduce CRR is a welcome move . Through this the RBI has attempted to address the structural pressures on liquidity and thereby avoid disruption to non food credit delivery. It gives further signal that once conditions become favorable RBI will begin to reduce these policy rates. We hope that the Interest rate sentiment will start coming down.

It is hoped that RBI will not miss any opportunity to restore the growth momentum in its anxiety to anchor inflationary expectations. Business would like RBI to reverse its tight monetary policy at the earliest. This we feel is essential because it will take more efforts and longer time to restore growth if the slowdown goes beyond a point."

Source : Equity Bulls

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