Reaction on RBI Monetary policy by Rana Kapoor, MD and CEO, YES BANK

“Following the exemplary fiscal rectitude displayed by the government in its FY17 Budget, RBI’s 25 bps cut in the repo rate and the shift in stance towards neutral money market liquidity conditions is a testament of synchronous policy support. With global economic activity remaining subdued and domestic disinflation becoming entrenched amid low capacity utilization, I expect further 125 bps monetary easing in the next 12-months.”