New Delhi, February 09, 2023: Following the finance minister’s stellar Union Budget, today’s RBI Monetary Policy was also in line with the market expectations with an increase in the repo rate by 25 BPS. This might temporarily dent the buying demand, but it should also stabilize the market in the long run. Looking at the volatile global economic cues, the RBI is focused on controlling inflation levels in India, and this hike is a step in ensuring that. Having said that, we are expecting normalcy to return in terms of stabilizing the interest rates from the next monetary policy, which will be a win-win situation for home buyers and developers.
Corporate Comm India (CCI Newswire)
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