Comment on RBI Policy - Mr. Yogesh Agarwal - Managing Director & CEO, BILT Paper B.V.

Mr. Yogesh Agarwal, Managing Director & CEO, BILT Paper B.V.

The RBI's decision to cut the repo rate by 50 basis points bringing it to 6.75 per cent than the earlier 7.25 per cent is pleasantly surprising. This will translate into improved sentiment, more consumer spending and lower EMI's. The corporates will also benefit from reduced interest burden and the banks have a lot to cheer as it will lead to more credit demand. The rate cut is a key trigger to boost investment demand in an economy where credit growth has dipped to a multi-year low. Looking at the broad macro environment which includes low inflation, soft commodity prices I expect softer interest rate regime in the near future.

A win win situation for all.

Shares of BALLARPUR INDUSTRIES LTD. was last trading in BSE at Rs.14.97 as compared to the previous close of Rs. 15.83. The total number of shares traded during the day was 485578 in over 2883 trades.

The stock hit an intraday high of Rs. 15.69 and intraday low of 14.4. The net turnover during the day was Rs. 7309210.

Source : Equity Bulls

Keywords