Media statement on RBI Policy

By Mahindra Group CFO Mr. V S Parthasarathy

New Delhi, June 11, 2018: As they say “It is either Day One or One Day – the choice is yours”!  The RBI was in a Catch-22 situation in terms of managing a fine balance between emerging inflationary pressures and a nascent economic recovery. With the higher than expected rise in GDP in Q4 FY 2018,  the RBI has raised interest rates so as to “catch” inflation before it “catches” up. The increase in housing loan limits for affordable housing is a welcome step to give a fillip to low cost housing in the country.

Corporate Comm India(CCI Newswire)