Subscribe

0

  • Sign in with Email

By clicking the button, I accept the Terms of Use of the service and its Privacy Policy, as well as consent to the processing of personal data.

Don’t have an account? Signup

  • Bookmarks
  • My Profile
  • Log Out
  • NEWS
  • POLICIES
  • MSME OPPORTUNITIES
  • BANKING & FINANCE
  • TECHNOLOGY FOR SMES
  • SECTORS
  • GLOBAL
  • Investment
  • LEGAL
  • KNOWLEDGE QUEST
  • Future Ready Forum 2025
  • Ek Nayi Udaan
  • Future Ready Summit 2024
  • ADVERTISE WITH US
ad_close_btn
  • News
  • Policies
  • Banking & Finance
  • MSME Opportunities
  • Web Stories
  • InFocus
  • Technology For SMEs
  • Sectors
  • Global
  • Fashion

Powered by :

You have successfully subscribed the newsletter.
Finance News

RBI's 'Rate-Cut' a gift to the market

author-image
SMEStreet Desk
04 Mar 2015 10:03 IST

Follow Us

New Update
Demonetization, Economy, IMF

RBI's decision of cutting the interest rate is always welcomed by Industry stakeholders. Industry experts came forward in support of RBI's decision. RBI governor Raghuram Rajan, after given thumbs up to the Budget 2015, today announced a cut in the repo rate by 25 basis points to 7.5%.

While welcoming this RBI's move, MoS Finance Jayant Sinha said, "This step will provide a near-term boost to the economy. We have limited room to provide relief to tax payers. But with RBI rate cut, I see EMIs coming down significant."

Debopam Chaudhuri, VP- Research & Chief Economist, ZyFin Research was the first one to share his views on this development by saying, “Indian markets and the economy in general have lots to rejoice as the fiscal year comes to a close. Revised official GDP estimates indicating an imminent recovery, a committed government targeting improvements in governance, slowing inflation and improving consumer and investor sentiment point towards a paradigm shift within the Indian economy. The recent move by RBI symbolizes the convergence in monetary and fiscal policy targets which would add to a further strengthening in investor confidence. Monetary policy is expected to soften from now on, easing access to money and finally trickle down to a rise in consumer spending. Indian consumers have been tightening their purse strings for quite some time now owing to prolonged economic slowdown but now hopefully, spending should rise in 2015-16.”

 

ZyFin research RBI Repo rate Interest Rate Economy
Subscribe to our Newsletter! Be the first to get exclusive offers and the latest news
logo

Related Articles
Read the Next Article
Latest Stories
Subscribe to our Newsletter! Be the first to get exclusive offers and the latest news

Latest Stories
Latest Stories
    Powered by


    Subscribe to our Newsletter!




    Powered by
    Select Language
    English

    Share this article

    If you liked this article share it with your friends.
    they will thank you later

    Facebook
    Twitter
    Whatsapp

    Copied!