Quote of Mr. Kaushik Dani, Fund Manager- PMS, Karvy Stock Broking on 'Repo rate cut of 25 bps by the RBI'

Comments by Mr. Kaushik Dani, Fund Manager- PMS, Karvy Stock Broking on ‘Repo rate cut of 25 bps by the RBI’

“Repo rate cut of 25 bps by the RBI was in line with expectations. Lowering of rate seems fair as sluggish exports and subdued credit demand could restrain the overall growth. The cut is front-loaded as inflation concerns persist on fears of sub-normal monsoons. However, any further moves would be data dependent and this could put the ongoing rate-cut cycle on hold for next few months.”