Views from Mr. Ajay Choudhary, CMD, Ace Group on RBI’s policy announcement in which the apex bank has hiked the repo rate by 40 basis point to 4.40% 

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New Delhi, May 05, 2022: In the backdrop of high inflation rate, RBI’s decision to hike repo rate by 40 bps is truly surprising. This move is particularly discouraging for the homebuyers as the EMIs on home loan will go up. It will also increase the borrowing cost at a time when the real estate sector is already facing a steep surge in construction cost due to increase in raw material prices.

Corporate Comm India (CCI Newswire)