Views of Mr. George Alexander Muthoot MD, Muthoot Finance on RBI Policy - March 2013

Quote/ Views of Mr. George Alexander Muthoot, Managing Director, Muthoot Finance Ltd - "The 25 basis point cut in the Repo rate, the second in the last three months is indeed a step in the right direction to kick start the economy. With the GDP growing at measly 4.5 per cent in Q3FY13, the weakest in last 15 quarters, these rate cuts indeed brings some relief and will go a long way in boosting the sentiment of consumers and corporate India. The impact of this will be clearly seen in the coming quarters, where it would steadily stimulate demand and investment. The two rate cuts in quick succession indicate the cautiously optimistic view of the RBI and though inflation is a persistent concern, the so called myopic view seems to be fading and we believe further rate cuts are on the way."

Source : Equity Bulls

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