Reaction on The RBI`s Monetary Policy Announcement by Mr Piyush Bothra, Co-Founder and CFO, Square Yards
Below the Reaction on The RBI`s Monetary Policy Announcement by Mr Piyush Bothra, Co-Founder and CFO, Square Yards
“The decision to maintain the repo rate at its current level reflects a 'watchful waiting' approach amidst a mixed economic landscape. Domestically, India's growth remains resilient, and recent inflation figures have been benign, staying below the RBI's target range. However, the global economic environment presents uncertainties, including volatile commodity prices and the monetary policy stances of major central banks, which could have spill-over effects on our economy.
For the residential sector, a further cut would have been a welcome festive bonus for homebuyers. This stability ensures that borrowing costs remain manageable and avoids any sudden shocks to the market. The onus now squarely falls on the banks to enhance the transmission of previous rate cuts, ensuring that the benefits of lower interest rates are fully passed on to homebuyers.”
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