Views from Mr. Avneesh Sood, Director Eros Group on RBI repo rate cut

New Delhi, August 09, 2019: “We welcome the decision of RBI to cut down the repo rate by 35 basis points to 5.4 percent; since easing the interest rate will help revive the investment cycle, especially in Real-Estate sector which is what the govt wants under its Housing for All policy. As The Indian Economy needs liquidity as fuel to power the growth engine, the recent move by RBI is expected to lift industry sentiments and boost demand for the sector through greater consumption demand as well as private investments, which will not only culminate in more launches in real estate sector, but more importantly timely project completions as well”.

Corporate Comm India (CCI Newswire)