Comments of
Ms Chanda Kochhar, Managing Director and CEO, ICICI Bank on RBI
mid-quarter
policy- Sept 20, 2013
Well
balanced policy with focus on structural imperatives as well as near term
concerns
RBI has
taken a balanced approach considering various developments across the globe and
their near term impact, as well as the structural imperatives for India. Given
the recent trends in the foreign exchange market, the reduction in the MSF rate
and the minimum daily CRR requirement for banks is a welcome move.
 |
| Chanda Kochhar, Managing Director, CEO, ICICI Bank |
Simultaneously
RBI has sought to anchor inflation expectations in the system by raising the
repo rate. The policy signals the return to the repo rate as the key policy
tool as well as RBI’s intention to
cautiously unwind the exceptional measures and place greater emphasis on the
long term growth-inflation dynamics. This should be viewed as positive for the
long-term economic environment as well near term stability in financial
markets.
No comments:
Post a Comment