Look forward to repo rate cut by RBI in future: India Inc :

Look forward to repo rate cut by RBI in future: India Inc


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RBI decided to leave the benchmark interest rate unchanged at 4 per cent
India Inc on Friday said it is looking forward to repo rate cut in future as cost of funds has to come down in coming times, but expect continuation of accommodative policy stance by Reserve Bank of India (RBI). RBI decided to leave the benchmark interest rate unchanged at 4 per cent, but maintained an accommodative stance as the economy faces the brunt of the second COVID wave.
Sanjay Aggarwal, President, PHD Chamber of Commerce and Industry said that the RBI has maintained an accommodative stance as long as necessary to revive and sustain growth on a durable basis and to continue to mitigate impact of COVID-19 and keep inflation within the target.

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