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Wednesday , 23 August 2017
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Quote on RBI repo rate cut – Mr. Gagan Banga, Indiabulls Housing Finance Ltd.

Mr. Gagan Banga – Vice Chairman & MD, Indiabulls Housing Finance Limitedcommented on the RBI repo rate cut this morning, as below;

“RBI repo cut is clearly a thumbs up for the path of fiscal consolidation which the government has chosen to follow. With inflation targeting mandate for RBI , now getting formalized, the repo cut is a clear statement of intention from RBI about its growth focus and its comfort on inflation over the medium term. Most importantly, a synchronized action plan between Government of India and RBI may result in the upcoming growth cycle to be longer than the normal 18-24 economic cycle which India normally goes through.”

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