RBI Rate Cut Impact

The repo rate call was a tough one to take considering that inflation is high and at the upper level of the band

R Sivakumar says the RBI is promising an 'accommodative' stance

Even as market rates have fully reflected the rate cuts, companies are not necessarily in the mood for borrowing, as they face a slump in consumption demand and investment in the country

The central bank is tasked with getting price rise down to 4% in the medium-term

Bulls had built up large positions speculating on a bigger rate cut of 0.5% by the MPC

Yields on the benchmark 10-year govt bonds have slid to 6.44%

On the infrastructure front, executives said capacity building would not be affected in near term