RBI Repo rate cut - Mr. Harsh Pati Singhania, Director, JK Organisation

"Reduction in key policy rates by 25 basis points was widely expected . Also RBI's measures to restrict import of gold will have some positive impact on managing the CAD. These are welcome.

However , given the need for reviving growth momentum amidst downward pressure on core inflation, RBI could have taken a more aggressive approach. Going forward it is hoped that the RBI would continue to ease the monetary policy and interest rates will come down further."

Source : Equity Bulls

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