Press Release: AIAI hails repo rate cut by 25Bps

AIAI hails repo rate cut by 25Bps

The decision taken by the Reserve Bank of India, Governor Mr. Urjit Patel to cut reporate by 25 Bps clearly indicates that inflation is under control/Economy showing upward trend and due to good monsoons, looking forward to good agri-growth    said Mr. Vijay Kalantri President, All India Association of Industries (AIAI).

However, industry expected the rate cut by 50Bps, hope the same will be considered after seeing the economy and easing of inflation by December 2016.