Kochi, June 6 -- Welcoming the Reserve Bank of India's (RBI) decision to keep the repo rate unchanged at 5.25 per cent and maintain a neutral policy stance, Manappuram Finance Chairman and Managing Director V.P. Nandakumar has said the move reflects a balanced and prudent approach that supports economic growth while ensuring price stability amid global uncertainties.
He noted that with GDP growth projected at 6.6 per cent and consumer price inflation estimated at 5.1 per cent, the policy provides much-needed continuity at a time of heightened global volatility. A stable interest rate environment, he said, is expected to support credit demand across both retail and business segments.
According to Nandakumar, the decision is particularly si...