Monetary policy: ‘Good prescription’, says Sanjiv Goenka

Sanjiv Goenka, Chairman, RP-Sanjiv Goenka Group, has applauded Reserve Bank of India’s decision to maintain status quo on repo rate and relaxing the cash reserve ratio by 25 basis points. According to Goenka, when inflation is on the rise, the rupee is under pressure, and GDP projection has been lowered, there is no other option than to do a tightrope walk. “RBI’s monetary policy stance is a good prescription when the nation’s economic health requires constant monitoring.” —