Seshagiri Rao, Joint MD & Group CFO of JSW Steel said that the rate cut was anticipated and it is a welcome move.
From a macro perspective, Nitin Rakesh, the chief executive officer of Motilal Oswal Asset Management finds that there are a couple of things that are happening globally.
With GDP growth slowing to a nine year low of 6.5% in 2011-12, industry today demanded a revival package to put the country's economy back on higher growth path.
Impact of 50 bps rate cut & 125 bps CRR cut may not be passed through to borrowers when cost of money is expected to stay at elevated levels into the short term, says Moses Harding, Head - ALCO and Economic & Market Research, IndusInd Bank.
ICRA has come out with its report on RBI's Annual Policy Statement for FY 2012-13 - April 2012. According to the research firm, the space for further reduction in policy rates is limited and the upside risks to inflation, further Repo Rate and CRR cuts are expected to be restricted to 25 bps each in FY13.
ICRA has come out with its comment on RBI`s credit policy announced on April 17, 2012. As per the research, further Repo rate and CRR cuts are expected to be restricted to 25 bps each in FY13.
Emkay Global Financial Services has come out with its report on Index of Industrial Production (IIP) January 2012. According to the research firm growth outlook continues to remain challenging and reflects in the monetary aggregate variables.
RBI is expected to maintain operative policy rate at higher end of LAF corridor with deficit system liquidity at 1% of NDTL till clarity emerges on trending in growth momentum and headline inflation, says Moses Harding, Head - ALCO and Economic & Market Research, IndusInd Bank.