Steady policy interest rates and maintained policy stance was widely expected Says Mr. Shishir Baijal, Knight Frank India
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Perspective on the RBI MPC Meeting by Mr. Shishir Baijal, Chairman and Managing Director, Knight Frank India
Steady policy interest rates and maintained policy stance was widely expected and aligns with the trajectory of key global central banks. The undertone however remains precautionary over inflation risks in the upcoming months due to seasonal volatility in food prices. The decision will continue to support the existing momentum of residential real estate demand in India. Despite the escalations in the borrowing costs, the overall housing market has continued to remain upbeat; however, the momentum in the affordable segment has lagged. Thus, a pause is supportive of catering to the housing needs of the vulnerable segment.”
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