Industry welcomes CRR cut, anticipates rate cut to follow
New Delhi [India], December 6 (ANI): Industry bodies welcomed the overall RBI monetary policy announcements made on Friday.
Commenting on monetary policy, Harsha Vardhan Agarwal, President, FICCI said while the Reserve Bank of India's stance on the repo rate was widely expected, the industry body welcomes the 50-bps cut in the Cash Reserve Ratio (CRR) rate.
"This move is well-timed and practical and should help ease out t