CII urges RBI to ease liquidity

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CII urges RBI to ease liquidity
Ahead of monetary policy review, the Confederation of Indian Industry (CII) in its meeting with Reserve Bank has urged the central bank to ease the tight liquidity conditions in forthcoming monetary policy review as it had signaled in last policy announcement that there would be no further tightening and it would start to move to a more accommodative monetary stance.

CII has suggested that a separate window be opened by RBI for SME financing to ensure the availability of credit at affordable rates to this important sector.

The apex association has also suggested that exports be provided priority sector lending status, at this time. CII has also asked the RBI to support the infrastructure sector through easing of norms. For this CII has suggested that the RBI consider forbearance for financing already made available to the infrastructure sector.

RBI is scheduled to meet on October 29 to discuss monetary policy and there is speculation in market that Governor Raghuram Rajan will not trim policy rates.

Dion Global Solutions Ltd.

Read more about: rbi, monetary policy, liquidity, cii
Story first published: Tuesday, October 22, 2013, 12:54 [IST]
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