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RBI policy sensible; ball now in Centre’s court: Ananth Narayan

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Ananth Narayan, Professor at SPJIMR told CNBC-TV18 that given the demand destruction itself, RBI’s latest monetary policy is a sensible and good strategy to adopt.

Ananth Narayan, Professor at SPJIMR told CNBC-TV18 that given the demand destruction itself, RBI’s latest monetary policy is a sensible and good strategy to adopt.
He believes that markets will celebrate this as a shot in the arm for recovery, and that both bonds and other asset classes will benefit.
Narayan further added that the ball is now firmly in the Centre’s court for some kind of a fiscal push as well.
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