RBI’s Repo Rate Unchanged Owing To Rise in Inflation
Anshuman Magazine- Chairman & CEO, CBRE India, South East Asia, Middle East & Africa The RBI’s decision of keeping the repo rate unchanged was on expected lines owing to the rise in inflation in recent months. The past couple of months have witnessed a strong uptick in domestic trading activities and therefore RBI maintaining status quo for the fourth time in a row is a positive step towards spurring consumption. The RBI also decided to continue with its accommodative stance as long as necessary. The Central bank also announced certain additional measures to enhance liquidity, deepen the financial markets and ease retail investor participation; all steps undertaken with the end objective of reviving growth and mitigating the impact of COVID-19 on the economy. This in addition to the announcements made in the Union Budget, will boost economic growth. Also, the policy support provided by the government to affordable housing will continue to boost residential uptake and support construction activity in the upcoming months.
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