RBI Monetary Policy: The encouraging growth in the consumption pattern By Mr. Y. Viswanatha Gowd, LIC Housing Finance
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Below is the RBI MPC announcement reaction By Mr. Y. Viswanatha Gowd, MD & CEO of LIC Housing Finance
“RBI's hike in the repo rate by 50 bps is on expected lines and can be considered a well-measured decision. It is with the clear intention to safeguard the economy from any adverse implication out of the ongoing global financial turmoil. India's economy continues to show resilience and looks promising despite the disruptions. The encouraging growth in the consumption pattern will continue to have a positive rub off on the home loan demand aided by festive sentiments.
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