 "RBI, RBI monetary policy")
Apart from cutting the repo rate by 25 basis points on Wednesday, the Monetary Policy Committee said it was examining ways to improve policy transmission in the system. But some in India Inc said a 50-basis point cut would have been ideal
Subhash Chandra Garg, Economic Affairs Secretary: (The) cut (is)... necessary to converge towards real monetary conditions for sustained growth consistent with India’s potential and for stable, moderate inflation.
Chanda Kochhar, MD and CEO, ICICI Bank: The prudent approach of the central bank in reacting to incoming data in a calibrated manner will reinforce the confidence amongst global investors.
Rajeev Talwar, CEO, DLF
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