Mr Aman Agarwal, KV Developers Comment on RBI Credit Policy Review

“I believe RBI’s move of keeping the rates unchanged are in line of government’s objective of taming inflation to 6% by 2016. However, in its course to control inflation, RBI should not restrict flow of funds in the market. A cut of 25 bps would have actually infused some fund and would have resulted in sentiments boost. This would have encouraged sales as well for real estate sector in particular. We believe RBI, in its next review which falls right the festive season, would come out with some positive notes to boost the economy as a whole.”