RBI MPC Commentary : This move will accommodate the anticipated recessionary churn Says Nitin Bavisi, Ajmera Realty and Infra India
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Below is Perspective on RBI MPC Announcement by Nitin Bavisi, CFO, Ajmera Realty and Infra India Ltd.
“The RBI repo rate hike of 25bps was on the expected line given the retail inflation being well within the lines of moderation and the RBIs limit of 6% tolerance bandwidth along with the projected slug-like GDP performance.
This move will accommodate the anticipated recessionary churn and aid in maintaining the quarterly GDP performance as expected.
The RBI's upbeat projection on growth means ample demand and robust consumption in the economy. We foresee a minimal impact of today's hike on homebuyers' sentiment and expect home sales to continue without much of an effect. However, the benefits announced for taxpayers in the budget will balance out. We expect home sales to continue without much of an impact.”
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