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RBI's move is harsh and disappointing: ASSOCHAM

Posted on Dec 19, 08:02AM | UNI

The decision of Reserve Bank of India (RBI) to keep the key policy rates unchanged is 'harsh and disappointing,'apex industry body, Associated Chambers of Commerce and Industry of India (ASSOCHAM) said today.

In a reaction to RBI's mid-quarter monetary policy review, Rajkumar Dhoot, president of (ASSOCHAM) said, "Our hopes of seeking some relief are dashed as the apex bank has yet again given away the opportunity to help reverse the business sentiments and see investments taking place." Regretably, the RBI has even over looked the stubble message given by the government seeking interest rates policy support for revival of the growth which has touched decade low.

The move will definitely slow down the industrial growth further, Mr Dhoot added.