Sunil Garg of JPMorgan says monsoon is clearly causing disappointments but the fact remains despite a few rate cuts since the beginning of the year, credit growth has not reponded.
Sridhar Sivaram, MD, Morgan Stanley Investment Management explains on CNBC-TV18 that the 25-bps rate-cut by RBI was a welcome move and that the market expects 75-100 bps in repo cuts for rest of the current year of 2013.