by Mr. Pankaj Kalra, CEO, of Essar Oil and Gas Exploration and Production Limited

“Under the guidance of new Governor Mr. Sanjay Malhotra, RBI’s decision to cut the repo rate by 25 basis points, is a move that signals a supportive approach toward sustaining economic growth. This reduction, after nearly five years, will help ease borrowing costs and provide much-needed liquidity to key sectors. For the oil and gas industry, a lower interest rate environment will encourage investment in exploration, infrastructure, and energy transition projects, ensuring a stable and efficient energy ecosystem.”

Enclosed below is the RBI monetary policy reaction quote by Mr. Srinivasan Vaidyanathan, Operating Partner, Essar Capital.

“We welcome RBI’s decision to cut the repo rate by 25 basis points. Led by RBI’s new Governor Mr. Sanjay Malhotra, this rate cut is a timely and strategic move that will provide much-needed momentum to India’s investment cycle. By lowering borrowing costs, this decision will not only support business expansion but also create an environment conducive to long-term capital deployment across key sectors. For investors and businesses alike, a neutral monetary stance, stable inflation, and a projected 6.7% GDP growth signal confidence in India’s economic trajectory.”