06-12-2024 01:57 PM | Source: Square Yards
Views on RBI Monetary Policy by Piyush Bothra, Co-Founder & CFO, Square Yards
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Below the Views on RBI Monetary Policy by Piyush Bothra, Co-Founder & CFO, Square Yards
“The RBI's decision to keep the repo rate unchanged is slightly disappointing, as the general expectation was for a rate cut of at least 25 basis points. However, the decision to reduce the Credit Reserve Ratio (CRR)) by 50 basis points is expected to help increase liquidity in the banking system and boost overall credit disbursements. The real estate sector continues to be buoyed by significant pent-up demand and improved affordability. We do not anticipate any negative impact from the unchanged rates on demand as we enter the final quarter, which is traditionally the strongest quarter of the financial year.”
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