RBI finally yields to calls for a rate cut, slashes repo by 25 bps to 7.75% saying further easing is contingent to drop in inflation. #RBIGovernor #RaghuramRajan maintains that sustained fiscal consolidation is key to monetary easing. ET NOW spoke to Sunil Kant Munjal - Chairman, CII International Policy Council to find out his perspective on the RBI’s move. Listen in.
