It’s very much on the expected lines

According to Gaurav Gupta, General Secretary, Credai Raj Nagar Extension, “RBI has held the Repo Rate unchanged at 6.65 percent, Reverse Repo Rate at 6 percent and Cash Reserve Ratio at 4 percent which was down the expected lines. Increasing crude prices, implementation of 7th pay commission and monsoon which is predictable to be good this year are also factors for keeping the interest rates constant in this monetary policy. Therefore, keeping the rates unchanged might be a wait and watch policy for the central bank. However a further reduction in rates would have improved the real estate sentiments and prop up growth too. Real estate is a sector which is already recovering from slowdowns and any cut in rates would have positively affected the real estate market further improving the demand by home buyers too”.