RBI does its bit: Over to government now

With RBI doing its bit by cutting repo rate 25 bps, indeed more if you keep in mind no one expected the 25 bps CRR cut, the focus is once again back to the government and what it plans to do to fix India’s growth prospects. RBI’s rate cuts, needless to say, were along expected lines given the slowing in core inflation and in economic growth—while FMCG firm HUL saw just a 5% volume growth in the latest quarter, commercial vehicles firm Ashok Leyland saw an 18% drop in net sales.

Read Full Story>>