PHD Chamber welcomes the status quo by RBI

PHD Chamber welcomes the status quo by RBI

PHD Chamber welcomes the status quo by RBI

No.PR-155

February 7, 2018

New Delhi

 

PHD Chamber welcomes the status quo by RBI

Mr. Anil Khaitan, President, PHD Chamber of Commerce and Industry has appreciated the calibrated stance of RBI for keeping status quo in its Sixth Bi-monthly Monetary Policy Statement of 2017-18.

RBI has kept the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6%.

Though, there were lot of apprehensions in the market that disruption from the path to fiscal consolidation along with rising inflation can lead to tougher monetary measures.

However, RBI has given an adequate approach to the monetary policy in the era where lot of developmental activities are on the move and thrust of the Government is to create demand in the economy, said Mr. Khaitan.

Going ahead, we look forward to the softer stance of monetary policy as supply side reforms would go a long way to check the prices, he added.

Ends.

Koteshwar Prasad Dobhal

Consultant (PR)