Quote on RBI Expected to Announce Another Repo Rate Cut in June MPC Meet by Mr. Ashok Kapur, Chairman, Krishna Group and Krisumi Corporation
Below the Quote on RBI Expected to Announce Another Repo Rate Cut in June MPC Meet by Mr. Ashok Kapur, Chairman, Krishna Group and Krisumi Corporation
"The RBI had adopted an accommodative stance in its previous policy review meeting, and it is expected that we will again see a cut in the repo rate by 25 bps in the upcoming policy review cycle, giving further relief to the various sectors of the economy. The real estate sector in particular stands to benefit from a reduction in policy rates, as it makes home loans affordable for buyers, pushing housing demand upwards.
A boost to real estate demand will also have a multiplier effect on allied sectors like cement, steel, and construction equipment, further driving economic momentum. Moving forward, the year looks promising for overall housing demand, and it will present an opportunity for all stakeholders to collaborate and innovate to meet the rising demand efficiently."
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