Quote on RBI MPC by P D Singh, CEO, India & South Asia, Standard Chartered Bank
Below the Quote on RBI MPC by P D Singh, CEO, India & South Asia, Standard Chartered Bank
“The 25-bps rate cut announced today is backed by confidence around economic growth and well controlled inflation. The announcement of solid and timely liquidity measures to the tune of INR 1.45 lakh crore by way of G-sec open market operation (OMO) purchases and forex swaps, along with the recent GST cuts, augur well for economic activity in the coming quarters.
The RBI’s unequivocal assurance, both in words and measures, on ensuring availability of ample rupee liquidity is commendable. Lower rates, improved transmission amid ample liquidity and support to exports via weaker INR, boosts India’s ability to counter headwinds.”
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