Reaction on RBI Policy By Shrinivas Rao, Vestian
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Below the reaction to the RBI Policy By Shrinivas Rao, FRICS, CEO, Vestian
“Despite headline inflation being out of the central bank’s comfort zone in July and August 2023, it maintained status quo and kept repo rate unchanged at 6.5%. This move showcases RBI’s confidence in the market and anticipation of moderating headline inflation in the future. We anticipate both real estate demand and supply to sustain its ongoing momentum on the back of stable market conditions. However, uneven distribution of monsoon and its adverse effect on Kharif Crop planting may pose a challenge to curb inflation. This may lead to a prolonged tighter monetary policy, which in turn will impact real estate activities.”
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