08-08-2024 02:10 PM | Source: Vestian
Views on Monetary Policy by Shrinivas Rao, FRICS, CEO, Vestian
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Below the Views on Monetary Policy by Shrinivas Rao, FRICS, CEO, Vestian
“RBI maintained status quo for the ninth consecutive time and kept the repo rate at 6.5%. Sticky inflation, elevated food prices, and global macroeconomic uncertainty likely influenced this decision. A steady monetary policy for the past one and half years has ensured stability in the real estate sector, boosting demand for all asset classes. This upward momentum is expected to continue as the repo rate is anticipated to remain stable for a couple of more months due to rising inflation amid increasing geopolitical frictions in the Middle East.”
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