India Inc disgruntled with RBI not slashing rates

June 19, 2012

India Inc is dissatisfied with RBI’s decision of keeping interest rates unchanged
As per Assocham, a cut in interest rates may give some boost to the industrial sector and help the economy come back on the higher growth trajectory
The step by RBI shows its priority to curb inflation over growth
As per CII, supply-side factors are responsible for the rise in Inflation and RBI should cut interest rates by 1%