India Inc. welcomes RBI's monetary policy stance
The RBI’s resolve to continue with an accommodative monetary policy stance and focus on reviving growth has been welcomed by India Inc.
CII director-general Chandrajit Banerjee said the additional measures announced by the RBI in the form of liquidity support, reviving exports and improving ease of doing business are expected to give an impetus to the recovery process.
Ficci president Sangita Reddy said the measures would enable banks to manage liquidity without facing many frictions given the government’s own borrowing requirements.
Assocham president Niranjan Hiranandani said the recast in home loan rules will give a boost to the real estate sector.