RBI's decision to lower the repo rate will be commendable, consumption will be promoted: expert

Mumbai, April 9 (IANS). The Reserve Bank of India (RBI) decided to lower the repo rate by 25 basis points to 6 percent. It was appreciated by experts in the stock market. At the same time, stock market expert Sunil Shah said on Wednesday that this move from RBI will boost the consumption. Stock market expert Sunil Shah said: “This step of RBI is commendable. The first budget was released. Hereafter there was a concession in income tax, because the ordinary man’s pocket began to save money. The RBI also cut 25 basis points before and again on Wednesday, 25 However, will not be seen in one night. Its effect will be seen in at least 2 to 3 quarters. After some time, consumption will increase. People will spend money and so it will be positive for the country’s GDP. “As for the tariff of US President Donald Trump, Shah said:” When he became the president of America, Donald Trump announced the tariff. However, he also talked about the rates for a long time. Last week, when it happened in reality, there was a stir in the stock market around the world. Its impact was also in the Indian stock market. The announcement of the administration of additional rates has created an atmosphere of concern in the market because everyone is afraid of trade war. “He insisted at his point and said that there was no winner in the trade war. If there is no change in the situation, it will affect the inflation of America. It will also fall into the expenses of Americans, which will reduce consumption. If there is a situation of inflation in the largest economy in the world, its effects will also be seen on the entire economy of the world. “-Ians SKT/ABM shares this story -tags