RBI MPC: Keki Mistry of HDFC talks to Anil Singhvi, lauds RBI credit policy
While the stock market of India cheered the RBI credit policy after showing immediate jump, Zee Business Managing Editor Anil Singhvi continued taking views from the captains of commerce in India.
While the stock market of India cheered the RBI credit policy after showing immediate jump, Zee Business Managing Editor Anil Singhvi continued taking views from the captains of commerce in India. In this regard, the Market Guru talked to Keki Mistry, Vice Chairman & CEO at Housing Development Finance Corporation (HDFC). Mistry said that RBI Governor Shaktikanta Das has not bowed down to the inflation pressure and took the right decision by pumping liquidity into the market.
Indicating at the Rs 1 lakh crore liquidity through TLTRO announcement by the RBI Governor Shaktikanta Das; Keki Mistry told Anil Singhvi, "The RBI Governor Shaktikanta Das has made a commendable job by providing liquidity in the system. He has maintained the liquidity in the system and it has also been ensured that the policy goes forward as well."
See Zee Business Live TV streaming below:
On key RBI rates being left unchanged Mistry said, "The key RBI rates have been left unchanged and it was widely expected as there was very little scope to further cut the interest rates. In fact, the key rates are already at the lowest levels and further cut in key rates was not possible."
WATCH| Full coverage in video below:
— Zee Business (@ZeeBusiness) October 9, 2020
Mistry also lauded the RBI Governor Shaktikanta Das for announcing the OMO next week worth Rs 20,000 crore.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.