Quote on RBI Policy from Mr Rana Kapoor – Yes Bank


 

“The policy is a reflection of RBI’s confidence & conviction that the impact of demonetization on growth is transitory, and the mid-long terms benefits are positive for the economy. Further, the rollback of incremental CRR hike augurs well for the banking sector as a whole. Post the outcome of the US Fed meeting, and stabilization of the Demonetization initiative, in my opinion there will be room to deliver a 50 -75 bps cut the Repo rate, in the next post Budget meeting in Feb-17 term, and surely by April 2017”.

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