The RBI’s action today to lower the policy rate is a welcome step: Chanda Kochhar

Author(s): 

Reacting on RBI monetary policy, Ms.Chanda Kochhar, MD and CEO, ICICI Bank, said, "The RBI’s action today to lower the policy rate is a welcome step which had been widely anticipated given the significant decline in inflation observed recently. The prudent approach of the central bank in reacting to incoming data in a calibrated manner will reinforce the confidence amongst global investors. A number of regulatory and developmental measures like tri-party repo for corporate bonds and enhanced limits for foreign investors using the futures market have also been announced. The formation of a high level committee to address the information asymmetry in the credit markets will help in enhancing transparency and information availability."

Date: 
Wednesday, August 2, 2017