Reaction on RBI Policy by Shrinivas Rao, FRICS, CEO, Vestian
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Below the Reaction on RBI Policy by Shrinivas Rao, FRICS, CEO, Vestian
“RBI has kept the repo rate unchanged at 6.5% for the 7th time in a row. This decision is in line with the current situation as inflation remains out of the target range of RBI, due to soaring food prices in the past couple of months."
Mr. Rao further added, "Stable repo rates for more than a year has brought certainty into the real estate market. However, rate cuts are expected in the second half of 2024 if the inflation falls under the upper limit of 4%, set by RBI.”
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