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Below is Perspective on RBI MPC policy Announcement By Dhaval Ajmera, Director of Ajmera  & Infra India Ltd

 “RBI’s announcement to continue with its accommodative stance is a welcome move to support recovery and safeguard economic fundamentals against the risks rising from any exponential outbreak of omicron variant.

RBI maintaining status quo on rates augurs well for brining equilibrium in the demand-supply economics of the real estate industry. With low loan interest rate regime, the home sales velocity witnessed across key Indian cities will continue on upward trajectory. The stock markets are expected to remain buoyant and realty index will continue to advance with positive bias in the short to medium term.

The revision of GDP and inflation targets are seen to be milder than expectation. The upcoming discussion paper to make the digital payments more affordable is a positive take-away from Governor’s speech. The announcements related to digital payments can offer disruption and bring dynamism in financial inclusivity expedition in the country”.

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