India Inc cheers RBI’s Global South ambition

New Delhi: Industry experts on Friday hailed the status quo stance of the monetary policy, expecting the inflation trajectory to stabilise within the target band of the Reserve Bank of India (RBI), welcoming its goal to become a model central bank for the Global South in the coming times.

Sanjeev Agrawal, President of the PHD Chamber of Commerce and Industry, said: “They are expecting the inflation trajectory to stabilise within the target band of RBI and, thereafter, soften the policy stance of the monetary policy.”