Q2 Review of RBI Monetary Policy 2012-13 - Mr Harsh Pati Singhania, Director, JK Organisation

The industry is disappointed that RBI has not acceded to its request for reduction in key policy rates though the silver lining is the cut in CRR by 25 basis points. This will provide support to liquidity in the system and along with positive guidance about possible easing of policy over the next few months should keep interest rate regime at a comfortable level. It is also hoped that RBI will take bold action to accelerate growth in tandem with recent initiatives taken by the Finance Ministry as it expects inflation to soften in the 4th quarter of 2012-13.

Source : Equity Bulls

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