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

    Published on October 7, 2023

    “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”.

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