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RBI Keeping Policy Rates Unchanged Disappoints India Inc.
June 15, 2017
Deeming RBI’s decision to keep left lending rates unchanged as “over-cautious” towards inflation, India Inc. expressed its disappointment in the same on Wednesday.
Assocham India said it’s disappointed that RBI’s has not reduced the interest rates despite the fact that inflation is not really a risk when key data like the monsoon, crude oil, and the inability of the producers to increase the prices strongly suggest that interest rates could be softened.
The Industry chamber also said in a statement that the industry is already in huge debt, and the high-interest rates have marred the balance sheets.
