The RBI has kept its repo rate unchanged at 8 per cent but cut its statutory liquidity ratio by one percentage point to 23 per cent, while cutting its growth forecast and lifting its inflation outlook as economic conditions deteriorate. SS Mundra, executive director, Union Bank of India, Mohan Shenoi, president - Group Treasury & Global Markets, Kotak Mahindra Bank and Ajay Mahajan, managing director, FICC Capital discuss the impact of the RBI's decision to maintain the status quo.
