No.PR-101
October 5, 2018
New Delhi
PHD Chamber welcomes calibrated stance by RBI
Calibrated policy measures undertaken by RBI at the time of volatile financial markets across the world is a step in the right direction for macro-economic stability in the country, said Mr. Rajeev Talwar, President, PHD Chamber of Commerce and Industry in a press statement issued here today.
RBI has kept the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50%, reverse repo rate under the LAF remains at 6.25%, marginal standing facility (MSF) rate and the Bank Rate stands at 6.75%.
We expect that volatility in the financial markets is short lived and markets should stabilise very soon, said Mr. Rajeev Talwar.
Going ahead, we look forward for calibrated stance to continue to support the economic growth trajectory and confidence building among the businesses and investors, said Mr. Talwar.
Ends.
Koteshwar Prasad Dobhal
Consultant (PR)