Comment on RBI Monetary Policy by Piyush Bothra, Co-founder and CFO, Square Yards
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Below the Comment on RBI Monetary Policy by Piyush Bothra, Co-founder and CFO, Square Yards
The RBI's decision to keep the status quo for the sixth consecutive time is in line with expectations and is poised to bolster consumer confidence. This move is a big positive for the affordable and low-income housing segments, which are responsive to interest rate fluctuations. The decision also fosters confidence among homebuyers by providing stability in loan repayments, consequently stimulating overall consumer spending. With the real estate market currently experiencing a bullish trend, the RBI's persistent repo rate stance is anticipated to amplify the momentum in the housing sector.
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