Rana Kapoor, MD & CEO, YES Bank on RBI policy

MPC Onto a Flying Start: “The inaugural policy of the MPC and the Governor is full of growth conviction, business confidence and effective communication by the Governor and the DGs. This highly collaborative and participative MPC methodology has got onto a Flying Start.

The maiden policy decision taken by RBI’s MPC is completely justified by the ongoing disinflation in the economy. Today’s rate cut will boost sentiment and contribute towards reinvigorating growth impulses in the infrastructure, construction & manufacturing sectors. Backed by a healthy set of domestic macros and sustained global deflation, I expect 75 bps further easing in the coming months.”