5 Apr 2024 , 06:08 PM
By maintaining status quo, the RBI’s interest rate panel sends out a clear message that any cut in rates or change in stance is not on its table till headline inflation returns to the median target of 4%. However, commentary on economic growth with GDP expansion pegged at 7% for the current fiscal is reassuring since that means credit expansion will continue its momentum and that bodes well for lenders like us.
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