“As observed rightly by the MPC, though there is need to be proactive but all the resources shall not be exhausted upfront in uncertain times such as the pandemic. The spread on interest rates on various categories has softened and there has also been evidence of trickle down of the rate cuts done previously, which justifies the decision to retain the rates.” By Divakar Vijayasarathy, Founder & Managing Partner, DVS Advisors LLP
