08-02-2024 12:24 PM | Source: PR Agency
Comment on RBI Monetary Policy by Mr. Pradeep Aggarwal, Founder & Chairman, Signature Global (India) Ltd
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Below the Comment on RBI Monetary Policy by Mr. Pradeep Aggarwal, Founder & Chairman, Signature Global (India) Ltd
As expected, the RBI kept rates on hold. The prolonged pause, for the sixth time, since February 2023, is aimed at keeping inflation in check without hurting the economic growth momentum. With the reduction in policy rates would have been the best scenario for interest-sensitive sectors like the real estate sector, policy continuity is the next best outcome for both borrowers and developers alike. The decision allows homebuyers to make informed choices, which is expected to result in enhanced demand across all housing segments in line with the country’s overall economic progress.
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