Views on RBI MPC by Akshay Mehrotra - Cofounder & CEO, Fibe
Below the Views on RBI MPC by Akshay Mehrotra - Cofounder & CEO, Fibe
"RBI’s 50 basis point repo rate cut coupled with an additional 100 bps CRR reduction, supported by a sharp decline in inflation, is a timely move to ease liquidity and stimulate credit growth. Both consumers and businesses stand to benefit from this which will result in lowering of borrowing costs. These measures by the regulator reflects its complete faith and confidence on the strong macroeconomic fundamentals that will shape the country’s growth roadmap going ahead. For consumers, this will create a more favourable environment to access affordable credit and flexible financing options. Overall, we see RBI’s decisions as catalysts for deepening financial inclusion and remain optimistic about the opportunities ahead as India’s financial ecosystem continues to strengthen and evolve."
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