RBI's rate cuts to propel growth, spike demand: India Inc
PTI: New Delhi, Jan 29 2013, 14:55 IST
combined impact of repo rate and CRR cuts might see some upsurge in bank credit to industry which had decelerated.
Arun Singh, economist with Dun & Bradstreet, said the RBI's shift in monetary policy stance to arrest loss of growth momentum coupled with the government's reforms measures was expected to further boost the sentiment of the business community and support investment activity in the economy.
Fitch Group firm India Ratings and Research said the RBI move would have positive impact of rate sensitive sectors such as housing, consumer goods and automobiles.
Previous Story Google unveils detailed North Korea map with gulags Next Story Not Narendra Modi, Uddhav Thackeray's Shiv Sena wants Sushma Swaraj as PM candidate
Reader's Comments| Post a Comment
Be the first to comment.
