Comments on monetary policy - Mr. Tushar Jain, MD & Founder, High Spirit Commercial Ventures Pvt. Ltd

"RBI's decision of 25 bps cut in benchmark repo rate and lowering target of Inflation for this quarter and next year is a great call, we are very happy with the decision since both FMCG & FMCD sectors will have a direct impact of it. It will certainly improve the currently prevailing tight liquidity conditions and will help in overall improvement in the economic growth. Since the disposable income of individuals will increase, it will surely boost the sentiments amongst people and thus improve overall consumer demand of goods and durable products like luggage bags, backpacks and activity bags."

Source : Equity Bulls

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