India Inc disgruntled with RBI not slashing rates

19th June 2012

• India Inc is dissatisfied with RBI's decision of keeping interest rates unchanged
• As per Assocham, a cut in interest rates may give some boost to the industrial sector and help the economy come back on the higher growth trajectory

• The step by RBI shows its priority to curb inflation over growth
• As per CII, supply-side factors are responsible for the rise in Inflation and RBI should cut interest rates by 1%