Shishir Baijal, Chairman & Managing Director, Knight Frank India on RBI Monetary Policy

"The decision of the Reserve Bank of India's monetary policy committee to keep the repo rate unchanged has been on expected lines. The present macro-economic situation in terms of higher than expected inflation and unexpected spike in fuel prices the industry was not expecting a rate cut. Having said that the marked slowdown in the real estate sector that started with the demonetisation last year and perpetuated in the wake of some structural reforms such as the Real Estate (Regulation and Development) Act, 2016 and the Goods and Services Act (GST) is expected to prolong. However, a cut in the policy rate could have helped stimulate growth and demand."

Source : Equity Bulls

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