RBI Monetary Policy as Per Expectations

“The RBI’s decision to maintain surplus liquidity and keep repo rate unchanged for a sustained period of time has helped support India’s growth. With the economy showing encouraging signs of recovery, with expectations that the GDP will clock 9.2% in FY22 thereby taking the economy above the pre-pandemic level, the RBI’s move will strengthen the growth momentum as record-low lending rates will further give a fillip to the real estate sector and other sectors of the ever-growing Indian economy” - Atul Banshal, Director Finance, Omaxe Ltd.

"The RBI’s decision of keeping the repo rate and the reverse repo rate unchanged for the 10th time is as per expectations. After the union budget, this announcement will certainly improve the market sentiments and bring cheer for the housing sector. In the last couple of quarters, the sector has witnessed great traction. Sustaining the accommodative stance will enable banks to lend home loans at the current level which is a most promising factor for homebuyers’ decisions." -- Santosh Agarwal, CFO and Executive Director, Alpha Corp.