Disappointed CEOs expect rate cut by February-Business Standard

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V S Parthasarathy, chief financial officer of Mahindra & Mahindra (M&M), said the policy was on expected lines and RBI’s consistent stand on policy rates was understandable, but a rate cut would have helped.

“The auto industry is still looking for a strong demand revival; lower interest rates would have helped the cause. The policy promises a cut next year, depending on some economic variables, and we hope this will be sooner than later, as it will also give the much-needed thrust to the “Make in India” initiative,” he said.

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