Griha Pravesh - Comment on RBI cuts repo rate and CRR by 0.25%

Griha Pravesh Buildteck Pvt Ltd, Chairman and Managing Director, Mr. Abhay Kumar: "It is a good move for economy as a whole and real estate sector in particular as this will boost the growth which has, in recent past, seen a downward movement. A 25 bps cut in CRR and Repo Rate will boost the sentiments in the market as it will ease liquidity and lower the interest rate burden.

Though RBI has acted much late in easing the grip from liquidity, it shall certainly push sentiments across manufacturing sector and real estate sector in particular which happens to be highly price sensitive. We expect an upward move in demand in coming days. Also, we hope RBI shall act in the same manner more frequently in future as well."

Source : Equity Bulls

Keywords