Reaction from Renault India on 0.25% repo cut by RBI in its first bi-monthly monetary policy review


Sumit Sawhney, Country CEO & Managing Director, Renault India Operations, said, “The reduction in the repo rate by 0.25 per cent is a positive move and will influence purchase decisions, fuelling growth and stimulating the economy. The natural expectation is that it will lead to more liquidity. However, there was expectation of a higher reduction, which would have garnered more positivity from the market.”