SBI chairman Rajnish Kumar said that RBI's downward revision in GDP and inflation projections reveals near term global headwinds and lower than anticipated rainfall might add to uncertainties. Overall, he said that it is a forward-looking policy catering to the demands of the various market participants.
V S Parthasarathy, CFO, Mahindra Group said that by giving a 'Doosra' rate cut, the RBI has, amidst all 'field restrictions', provided a window to spur consumption growth. With inflation remaining in the comfort zone, Parthasarathy said that the need of the hour is monetary transmission through durable liquidity.
