‘RBI policy a realistic assessment’

Srinagar, Dec 17: “The mid-quarter policy statement announced by the Reserve Bank of India is a realistic assessment of the prevailing macroeconomic situation,” said Ms Cahanda Kochhar, Managing Director and CEO, ICICI Bank in a statement to Greater Kashmir. Ms Kochhar said: “In line with its previous guidance, the central bank has not taken any action on policy rates. This is a positive step as growth has been moderating and inflation, though still above comfort levels, has started showing signs of easing.”  “The mid-quarter policy statement has addressed the concerns on the interest rate side, by clearly indicating a likely reversal in the cycle with monetary policy actions being directed towards addressing growth related issues going forward,” she said.

Lastupdate on : Sat, 17 Dec 2011 21:30:00 Makkah time
Lastupdate on : Sat, 17 Dec 2011 18:30:00 GMT
Lastupdate on : Sun, 18 Dec 2011 00:00:00 IST



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