New Delhi, April 8 -- The Reserve Bank of India's decision to keep the repo rate unchanged in the latest Monetary Policy Committee (MPC) meeting was appropriate, Vivek Iyer, Partner and Leader Financial Services, Grant Thornton Bharat, has said, noting that any change in rates at this stage could have adversely impacted demand and financial stability.

Speaking to ANI, Iyer said that both a rate hike and a rate cut would have posed challenges in the current uncertain global environment.

"If there had been a rate increase, it could have potentially killed demand, which at this point is largely domestically driven given the global situation. That would not have been a good decision," he said.

He added that a rate cut would also not have b...