RBI rate will boost Pvt sector: Tata Steel CEO
  • WebDesk BTVI
  • Apr 05 2019

Tv Narendran, MD & CEO, Tata Steel, said RBI rate cut would reduce the cost of capital and spur demand, which is needed because of liquidity issues. On SC striking down Feb 12 RBI Circular, he said the move will not dilute IBC but rather distribute the power a little. Narendran said steel prices are likely to stabilise soon in keeping with global prices.