“The RBI monetary policy highlights the central bank’s commitment to maintaining price stability while supporting economic growth. The committee’s decision to keep the repo rate unchanged at 6.50% was on expected lines. Despite the volatility, the banking and non-banking financial service sector in India has maintained its health, while financial markets have shown tremendous resilience despite global uncertainty and Russia- Ukraine war. The cautious stance of the country’s economic recovery was evident in the RBI’s announcement on the projection of inflation and GDP growth for FY24.”
– Mr. Sanjay Palve, Senior Managing Director, Essar Capital
“We appreciate the RBI’s decision to keep the repo rate unchanged amidst the persistent inflationary pressures. It will spur investment and consumption resulting in industrial and economic growth of the country.”
Mr Rajiv Agarwal, MD & CEO, Essar Ports