RBI delivered more than expected; focus on growth revival comforting: Devang Shah

While RBI MPC maintained status quo on rates as expected, the central bank clearly beat broader expectations with a slew of measures to boost liquidity, said Devang Shah, deputy head - fixed income at Axis Mutual Fund. Shah drew comfort from RBI's focus on growth revival. He believes the room for further rate cut was limited, and the central bank was at the fag end of the rate-cutting cycle. Watch now.