Quote on RBI repo rate announcement by Mr. Dhruv Agarwala, Housing.com, Makaan.com and PropTiger.com
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Below is Quote on RBI repo rate announcement from Mr. Dhruv Agarwala, Group CEO, Housing.com, Makaan.com and PropTiger.com
The 50-basis point hike in repo rate to 5.9% was expected as the RBI intensifies its efforts to tame inflation. While banks will eventually be forced to pass on this increased cost to borrowers, the possibility of this happening during the ongoing festive season is low. Considering that a large number of home buyers in India make their purchase decision during this time of the year, financial institutions would not like to dampen the festive spirit by effectuating a rate hike immediately. Even when they do so, the robust buyer sentiment along with renewed investors' interest in the residential real estate market is likely to continue to support the demand for homes in India.
Above views are of the author and not of the website kindly read disclaimer
