Ms. Chanda Kochhar MD and CEO, ICICI Bank commented on the RBI's move saying that, "RBI's move reflects the growing confidence in the recovery of growth in the Indian economy and is in line with RBI's stated objective of anchoring inflation expectations. Currently there is ample liquidity in the market. We need to wait and see the credit offtake and systemic liquidity to assess the medium term impact on lending and borrowing rates".