Quote on RBI Monetary Policy – Mr. Sanjay Palve, Senior Managing Director, Essar Capital Ltd

“The Reserve Bank of India’s decision to keep the repo rate unchanged at 6.50% and maintain a ‘withdrawal of accommodation’ stance, today demonstrates a responsible approach to monetary policy and aligns with our expectations in this dynamic economic scenario. This constancy offers businesses a clear and stable monetary environment during a period of fiscal challenges and uncertainties. It’s essential for boosting investor confidence and facilitating long-term strategic planning. This choice conveys a strong message of resilience and stability as we navigate the complex economic environment, supporting India’s continuous efforts toward sustainable growth”.-Mr. Sanjay Palve, Senior Managing Director, Essar Capital Ltd