September 30, 2014 4:52 PM

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As Reserve Bank of India decided to unchange key interest rates, industry bodies and economists have came up with mixed reactions. Speaking to AlR, The Indian Econometric Society Secretary, N R Bhanumurthy said that one would expect the reduction in liquidity measures by RBI. But inflationary pressure likely to firm further seems to have prompted RBI not to change the interest rate.Chief Economist of PHD Chamber, S P Sharma said that it is inevitable for RBI at this juncture to cut the policy rate particularly repo rate that will help the industry to grow. He also said as trend shows that inflation is coming down globally, industry bodies expect RBI should cut the rates in the next policy review.

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