Mr. Surendra Hiranandani, Chairman and Managing Director, House of Hiranandani, “It was likely for the RBI to hold rates and keep their stance unchanged. While India has emerged as the world’s fastest-growing major economy, the RBI’s decision today will boost growth even further and hasten the economy’s return to normalcy. The MPC’s decision to maintain an accommodative stance was made in order to sustain economic growth and development during the time of inflation. The real estate sector, particularly the residential segment, is expected to benefit from the continued pass-through of low benchmark lending rates to end customers. Despite inflationary pressures, the RBI’s move to keep the repo rate unchanged will keep the growth trend going.”
Reaction on RBI Monetary Policy by Mr. Surendra Hiranandani
