There is a risk to inflation if oil prices head back to $100 a barrel, Keki Mistry, vice-chairman, HDFC, says
The RBI believes that inflation will be low. It has also taken a positive view on the Budget, which is tackling supply-side issues, Keki Mistry, vice-chairman, HDFC said.
There is a risk to inflation if oil prices head back to $100 a barrel. The general view is that oil would remain in the $60-$65 per barrel range, Mistry added.
The RBI reduced the repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 7.75 per cent to 7.5 per cent with immediate effect.
The RBI kept the cash reserve ratio (CRR) of scheduled banks unchanged at 4 per cent of net demand and time liabilities (NDTL).
There is a risk to inflation if oil prices head back to $100 a barrel. The general view is that oil would remain in the $60-$65 per barrel range, Mistry added.
The RBI reduced the repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 7.75 per cent to 7.5 per cent with immediate effect.
The RBI kept the cash reserve ratio (CRR) of scheduled banks unchanged at 4 per cent of net demand and time liabilities (NDTL).
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