Bytes
The move came as per our anticipations
Sanjay Rastogi, Director, Saviour Builders Pvt. Ltd., said, “The move to keep policy rates untouched came as per our anticipations with growing concerns about risks of inflation. On the positive side it is also an indication that economy of our country is on track of improvement. In the past year, RBI has given good amount of rate cuts to spur economic growth but lending banks have still not passed the reduction of interest rates to borrowers. It’s important that banks pass on this benefit to borrowers too so that they feel encouraged to invest in properties”.
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