Perspective on the expectations from the upcoming RBI MPC Meeting by Mr. Shishir Baijal, Chairman and Managing Director, Knight Frank India
Below the Perspective on the expectations from the upcoming RBI MPC Meeting by Mr. Shishir Baijal, Chairman and Managing Director, Knight Frank India
“Given the Union budget's emphasis on reviving consumption to support economic growth, the RBI might consider turning the policy rate cycle. This potential rate cut will align with the budget's objectives of stimulating economic activity while managing a prudent fiscal position, which provides comfort on currency and inflation fronts. Additionally, the government's balanced borrowing plan and efforts to enhance liquidity could support a favourable environment for such a rate cut.
A rate cut will be beneficial for the real estate sector as it will make borrowings more affordable for the home buyers and reinstate consumer sentiment particularly in the lower and mid income segments. It will also potentially enhance liquidity in the banking system making it easier for developers to access financing for their projects.
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