Perspective on RBI Monetary Policy announcement by Krish Raveshia, Azlo Realty
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Below are Perspective on RBI Monetary Policy announcement by Mr. Krish Raveshia, CEO at Azlo Realty
RBI MPC Announcement(Feb 2021)
“As expected the MPC has kept rates unchanged for the fourth consecutive time after it cut rates in May 2020 and unleashed liquidity in the system to help growth. The accommodative policy stance is also unchanged to act on rates going forward if the need arises. RBI Governor projecting GDP growth over 10% for next year and easing CPI inflation is a big positive.
RBI's resolve to keep easy system liquidity and low interest is key to the recovery of the real estate industry and the overall economy. The real estate sector is showing signs of recovery and needs government hand-holding. RBI's announcement on LRS will help boost remittance, NRIs have been huge investors in Indian real estate.”
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