RBI’s 50bps Rate Cut and 100bps CRR Reduction Boost Growth, Inflation Targeted at 3.7%

By-Mr. Sadaf Sadaf Sayeed, CEO, Muthoot Microfin,

“RBI monetary policy is 10/10, it has an all-round focus, maintaining growth momentum, by cutting rates by 50 bps, liquidity infusion by cutting CRR by 100 bps over the year and targeting inflation at 3.7%. “It is great to see both GOI fiscal policy and RBI monetary policy working in tandem to propel the Indian economy to a new growth trajectory. It augurs well for the industry and our country”