Monetary Policy Q1 - Reaction from Fire Capital Fund

Says Mr. Om Chaudhry, CEO, FIRE Capital Fund Private Limited "With the GDP poised to grow at between 8 to 8.5 % and there being a need to control inflation it was expected that interest rates would be hiked. It is expected that these rates will continue to move up for the rest of this fiscal which would mean that the realty sector will face increasing home loan and construction finance rates even if commercial banks decide not to affect a rate increase at this point. With the growth momentum building up again in the sector, I expect the industry to be able to take this in its stride."

Source : Equity Bulls

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