Comments of Mr. S. Ramasamy, Chief Investment Officer- Debt, LIC Nomura Mutual Fund on RBI Cuts Repo Rate

Comments of Mr. S. Ramasamy, Chief Investment Officer- Debt, LIC Nomura Mutual Fund on RBI cuts Repo Rate:

“The RBI rate cut signals the turnaround in the economy to the positive side. This may be followed up by rating agencies for a rating upgrade for India which will propel more FII flows into the country making the Indian Currency stronger and stable. With the downward trend in the commodity prices the rate cut will boost Investment  and consumption which is positive for Growth”.