Quote on upcoming monetary policy by Mr. Dhruv Agarwala, Housing.com, Makaan.com and PropTiger.com
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Below is Quote on upcoming monetary policy from Mr. Dhruv Agarwala, Group CEO, Housing.com, Makaan.com and PropTiger.com
In its upcoming monetary policy review, the RBI is expected to increase benchmark repo rate as inflation goes beyond the central bank’s comfort zone. Reining in inflation will remain the RBI’s top concern amid resilient economic growth and robust credit growth.
Any hike in rates would result in banks increasing home loan interest rates, too. But, we are of the opinion that its impact would not be significant as demand for property remains robust. Demand is only going to accelerate further during this festive season.
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