Himanshu Jain, VP - Sales, Marketing and CRM, Satellite Developers on RBI policy announcement

 

"We anticipated the monetary policy committee (MPC) to keep the repo rate unchanged at 4 percent and retained the accommodative stance that will still continue to serve the markets well. Some strong liquidity measures were announced in the past quarters and are expected to continue. The earlier announcements by the state government of stamp duty reduction along with reduction on premiums for developers surely gave a boost to the ailing sector and created demand among the homebuyers and we hope such announcements are made in the future as well as the pandemic situation continues."