Mumbai: The Reserve Bank of India’s (RBI) first monetary policy review after the Budget reflects its commitment to take India’s economy on a path of robust recovery, said industry players and experts on Friday.
The RBI kept interest rates on hold while assuring to maintain support for reflating the economy by ensuring ample liquidity to manage the government’s near-record borrowing.
“The direction of the policy statement is positive. It is reassuring to note that the RBI continues with its accommodative stance to accelerate economic growth.
“The recovery signs are getting stronger, and the guidance provided by the central bank reflects its commitment towards supporting growth,” FICCI President Uday Shankar said.
Source: The Economic Times
