Views on RBI Monetary Policy by Mr Piyush Bothra, Co-Founder & CFO, Square Yards
Below the Views on RBI Monetary Policy by Mr Piyush Bothra, Co-Founder & CFO, Square Yards
The 25-basis point cut in the repo rate is a bold and welcome move in the current global macro environment. Despite the sliding rupee and other headwinds, this cut is a very strong signal by the RBI about the strength of the Indian economy and its decoupling from the rest of the world macro. This cut offers a meaningful boost to the real estate sector, reinforcing affordability at a time when buyer activity is already strengthening. With inflation well-managed, growth projections improving, and reforms sustaining consumption, the rate reduction builds positively on the earlier easing undertaken this year. Lower home loan rates, especially during the festive season, are expected to accelerate demand across mid-income and first-time buyer segments. For developers, the cut enhances credit conditions and lifts sentiment across the market.
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