Akshay Taneja, MD, TDI Infratech said that RBI s steps are unlikely to provide a significant lift to the market, but they are expected to provide downside support and enhance investor confidence.
Realtors expected more from RBI MPC
Posted On: 2021-04-07 04:37:54 (Time Zone: Arizona, USA)
The RBI has maintained its accommodative stance until it sees an appropriate time to drive economic growth without jeopardizing its key goal of taming inflation. With the recent increase in Covid 19 incidents, the Apex bank is faced with the challenging task of balancing inflationary pressures to avoid a rise in borrowing costs. To keep inflationary pressures in check and sustain financial stability, it is expected that the central bank to pursue policy normalization in the second half of FY22. While it is understandable that the repo rate remains unchanged, the real estate sector s need for special steps cannot be overlooked.