Reaction on The RBI`s Monetary Policy Announcement by Mr Amit Prakash Singh, CBO Urban Money & Co-Founder Square Yards
Below the Reaction on The RBI`s Monetary Policy Announcement by Mr Amit Prakash Singh, CBO Urban Money & Co-Founder Square Yards
The Reserve Bank of India's decision to maintain the repo rate at 5.50% reflects a cautious approach in a complex global landscape. For borrowers, this translates directly into a period of stability, with predictable EMIs and interest rates. This also provides the banking system a crucial window to further transmit the benefits of previous rate reductions. All eyes are now on the October policy meeting, where a rate cut is widely expected, which would act as a timely catalyst to boost consumption across sectors and buoy the sentiments during the upcoming festive season.”
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