New Delhi, June 5 (IANS) The RBI’s repo rate decision reflects the wait-and-watch approach to assess the evolving impact of external developments and their implications for domestic growth and inflation before going for interest rate adjustments, industry leaders and economists said on Friday.Amid elevated energy prices, risk of below-normal monsoon and persistent supply-side bottlenecks, the RBI also revised its FY27 GDP growth forecast downward to 6.6 per cent, from 6.9 per cent earlier, wit…
Latest Ajay Kumar Srivastava News & Updates
New Delhi, April 8 (IANS) The Reserve Bank of India’s decision to keep the repo rate unchanged at 5.25 per cent will ensure sustainability of the ongoing recovery, ensure credit growth and keep borrowing costs stable, economists and bankers said on Wednesday.The central bank’s decision reflects a balanced and ‘safety-first’ approach, prioritising macroeconomic stability, said Ajay Kumar Srivastava, Managing Director & CEO, Indian Overseas Bank, also lauding RBI’s continued focus on i…