Uday Kotak hails RBI's MPC decision to cut 50 bps repo rate, 100 bps CRR as ‘bold and strategic’

Uday Kotak lauded the central bank's monetary policy announcement as bold and strategic. He emphasized the 50 basis point rate cut, the 100 basis point CRR reduction, and the shift to a neutral policy stance. Kotak believes this nuanced approach effectively balances economic growth with the need to maintain macroeconomic stability amidst global challenges and weak demand.