Comment on RBI Monetary Policy by Shrinivas Rao, FRICS, CEO, Vestian
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Below the Comment on RBI Monetary Policy by Shrinivas Rao, FRICS, CEO, Vestian
“RBI maintained status quo and kept the repo rate unchanged at 6.5% for the sixth time in a row. It is a welcome move to curb inflation and control liquidity in the market. Moreover, this stability in the monetary policy along with robust economic growth may result in sustained demand for real estate assets.”
Mr. Rao further added, “Headline inflation inched up marginally to 5.7% in December 2023 from 5.6% in the previous month. If inflation comes down under RBI’s target limit, the second half of 2024 may witness rate cuts, further boosting the housing demand.”
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