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Below is quote on RBI repo rate hike by Rahul Chander, MD & CEO of Livfin (Fintec NBFC)

"The repo rate increase is on expected lines given the concern over inflation and global headwinds. RBI’s further calibrated withdrawal of monetary accommodation signals that there will possibly be more rate increases in the near future, though we expect future rate increases to be smaller. While this Repo rate increase will elevate borrowing cost for the MSMEs, the headline inflation-containing measure is required at this time as moderation of inflation is a must to boost market demand and enhance profitability of small businesses. If the RBI keeps future rate hikes range-bound, small businesses should be able to manage reasonably well"

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