RBI has increased Repo rate by 25bps to 7.5% - Mr. Pradeep Jain, Chairman, Parsvnath Group

"It is highly disappointing to see such a signal from RBI. Though increasing Repo by 25 bps may curb inflation marginally or may hold Rupee for a while, it is going to impact market sentiments significantly. Such step is more surprising when we put US Fed's liberal reforms in context. Honorable RBI had a golden chance to instigate positivity in an otherwise sluggish economy, this increase in rates is a blow to the growth prospects. It is not a good signal for the industry which is about to enter the festive season. Banks have already started raising their rates. This is going to hurt both buyers as well as developers".

Source : Equity Bulls

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