RBI policy leaves realtors desolate; want rate cut to boost sector. Real estate industry today expressed disappointment over RBI’s decision to keep the key interest rates unchanged, saying rate.
Reserve Bank of India’s Monetary Policy review today comment from CBRE Anshuman Magazine, Chairman – India and South East Asia, CBRE: "The second bi- monthly policy review was as per industry expectations with both the repo rate as well as the reverse repo rate remaining unchanged.
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NEW DELHI:In the Sixth Bi-monthly Monetary Policy Statement, 2018-19 Resolution of the monetary policy committee (mpc) reserve Bank of India, revised the policy repo rate under the liquidity adjustment facility (laf) by 25 basis points from 6.5 per cent to 6.25 per cent with immediate effect. Go through the reaction of real estate developers on the same:
Accommodation Times New Services Taking the real-estate industry by surprise, the announcement of RBI monetary policy remained largely uneventful. Following are certain highlights from the monetary declaration: The Reserve Bank of India kept the repo rate unchanged at 6.25%. Reserve repo rate is set at 5.75%.
Reaction of industry leaders RBI’s monetary policy RBI Monetary Policy Committee (MPC), in its first bi-monthly monetary policy review for FY20 has decided to cut the repo rate by 25bps to 6% and.
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Reaction of industry leaders RBI’s monetary policy The reverse repo rate under the LAF stands adjusted to 5.50%, and the marginal standing facility (MSF) rate and the Bank Rate to 6%.
In its monetary policy today, RBI has taken the unexpected stance of keeping the repo rates unchanged. This is surprising and contrary to the industry’s expectations, which skewed more towards an increase on the back of increasing inflation and depreciation of the rupee.
Reactions by industry leaders on RBI’s monetary policy outcome: ravindra pai, MD, Century Real Estate Holdings Pvt Ltd "It is a welcome move, especially to combat the odds industry was seeing in recent times.