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Amid opposition over UPA FDI reform, the Reserve Bank of India highlighted positive effects as 51 % FDI in multi-brand retail will improve Indian economy as well as global economy faster than China.

“On the positive side, it (FDI in retail) improved sentiment as was shown in the market. Rupee has rebounded to a considerable extent.
There is certainly promise,” RBI Deputy Governor Anand Sinha said in a statement.

He further added, FDI reform is opening door of growth in market, hiking the value of rupee as help to rebound and increased rupee with high of 52.49 against the US dollar.

While all it depends on final result at the end over earning by FDI in retail, 49 % investment by oversea airlines and also allow in power exchanges, but the country needs to be one because of major hurdles of confidence issues, sentiments and good feel affected the economy.

Asking about RBI Interest rates, Sinha told reporters, “As a result we have to tighten interest rates,” adding, main focus is on stopping the inflation growth “What will happen in the next few weeks is not possible for me to say.”