“The decision of the Reserve Bank of India to increase the repo rate by 35 bps to 6.25% is a move that was anticipated by the market and reflects that inflation has peaked out. This gives hope especially for the infrastructure industry. With improved confidence and industry sentiments, there is a sense of optimism towards business outlook and demand growth. The GDP growth rate and the Indian Rupee has been resilient and shown stability, thus tiding through the global storm with confidence and endurance. The commitment of RBI to constantly monitor the inflation dynamics without effecting the growth rate is reassuring for the industry.”