New Delhi, Aug 8 (Reporter) Terming the RBI’s decision to maintain status quo maintaining key rates unchanged as “cautious”, Vaidyanathan Srinivasan, Operating Partner, Essar Capital, said the RBI’s stance acknowledges the fragile economic environment, emphasising the importance of fostering growth initiatives while keeping inflation in check. “The Reserve Bank of India’s Monetary Policy Committee has opted to maintain the repo rate at 6.5% for the ninth consecutive meeting, emphasising its dedication to economic stability amidst ongoing inflationary pressures. This decision, reached by a 4:2 majority, reflects a strategy that balances the necessity for growth with the imperative of price stability,” he said. These measures are crucial for instilling confidence among investors and consumers as the central bank navigates a complex economic landscape. Pankaj Kalra, CEO, EOGEPL, echoed the view and said the RBI's decision to keep the interest rate steady at 6.5% reflects a measured response to current inflationary concerns. This decision provides a stable economic environment that is vital for planning and investing in long-term project financing and capital allocation. The decision to uphold the ‘Withdrawal of Accommodation’ stance aligns with our expectations and supports economic stability, ensuring that we can continue our exploration and production activities without the added uncertainty of fluctuating borrowing costs. At EOGEPL, we will use this stable interest rate to promote growth and help strengthen India’s energy sector, Kalra added...////...