Hopeful that RBI will ease rates in October: Hero Motocorp

While the RBI has cut cash reserve ratio at its mid quarter review, corporate India remains critical and wants the RBI to lower its benchmark repo rate. Sunilkant Munjal, joint managing director, Hero MotoCorp argues that the benefit of a CRR cut is not passed on to a bulk of corporate India which continues to struggle with the availability and cost of credit. Munjal is hopeful that the RBI will ease rates in October, which will help add to the positive sentiment generated by the government measures announced recently.