Quote - Vineet Relia, Managing Director, SARE Homes - RBI Monetary Policy

Posted by: at 8/09/2016 02:02:00 am

India 09 August 2016: “RBI Governor Raghuram Rajan’s decision to hold the repo rate steady at 6.5% is along expected lines. This being his last policy pronouncement, many sectors, including real estate, were hoping he would pull a surprise by announcing a modest cut, but rising inflationary trends in recent months pre-empted such a possibility. Nevertheless, given the Government’s goal of pegging inflation at around 4% within five years, this seems best, particularly since retail inflation is presently at a two-year high.”


Quote - Vineet Relia, Managing Director, SARE Homes - RBI Monetary Policy



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