Reaction on RBI Policy By Mr. Amit Goyal, India Sotheby`s International Realty
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Below Reaction on RBI Policy By Mr. Amit Goyal, Managing Director, India Sotheby's International Realty
In line with expectations, the Reserve Bank of India (RBI) has maintained the policy rate at 6.5% for the second consecutive time, following a series of six consecutive rate hikes. The RBI's decision reflects their cautious approach in light of the persistent inflationary pressures and their potential impact on domestic consumption growth.
However, the positive aspect is that the pause in rate hikes will instil a sense of optimism among borrowers and we expect the housing sales momentum to continue.
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