Reaction on RBI Policy By Mr Atul Banshal, Omaxe
Below Reaction on RBI Policy By Mr Atul Banshal, Director-Finance, Omaxe Ltd
We welcome the RBI's decision to maintain the status quo on key policy interest rates. As anticipated, the RBI has displayed a growth-supportive policy stance.
However, following a series of successive policy rate hikes, the real estate sector had anticipated some relief from the central bank in the form of a modest rate cut. Such a move would have bolstered demand and, subsequently, the overall economy. Consequently, we maintain our expectation that the RBI will opt for a policy rate reduction in the next review meeting, providing a much-needed impetus to various sectors, including real estate, and fostering economic growth
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