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Below is Perspective on RBI's MPC announcement By Mr. Rohit Poddar, managing Director, Poddar Housing and Development Ltd.

“RBI’s decision to maintain the status quo keeping the repo rates unchanged at 4% indicates a continuation of its accommodative stance. Although, more efforts are needed to restore the supply-demand balance in the Real estate and infra sectors but continuation of lowest lending rates will ensure that businesses get more window to cope up with the pandemic related challenges. The decision comes at the peak of high inflation and slow growth with a concerning pandemic sitch around the globe. The yield curve and liquidity management were the central focus of the committee. However, we are evidently in a much better place compared to the past quarters. Nevertheless, we still need to be more cautious on the possibility of the third covid wave and its overall impact on the consumption.”

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