Apex bank is showing prudence in taking corrective measures to curb rising inflation Says Pradeep Aggarwal, Signature Global India
Below Quote on RBI Monetary Policy Announcement By Mr. Pradeep Aggarwal, Founder and Chairman, Signature Global (India) Ltd
"The increase of repo rate by 25 bps the apex bank is aimed to give an extra cushion to curb inflation in the face of geopolitical uncertainties. It is an accommodative move as per current micro and macro economic conditions globally as well as domestic markets. Controlling inflation is the RBI's mandate, and the apex bank is showing prudence in taking corrective measures to curb rising inflation."
He further added, "However, considering the growth focused fiscal budget announced by the Government earlier this month, combined with the positive market sentiments, it is quite evident that the affordable and mid segment housing is going to witness a significant upsurge in demand in the coming months. We are confident that residential sales would increase at least 20 percent in this quarter and at least 30 percent on YOY basis overall".
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