RBI Monetary Policy on Repo Rate - Quotes from Cushman & Wakefield, and other firms

Mr. Anshul Jain - Chief Executive India & SE Asia & APAC Tenant Representation, Cushman & Wakefield

"RBI’s decision to maintain the repo rate at 6.5% is on expected lines. Though the central bank has been showing its deep commitment to bringing the headline inflation down to around 4%, India’s CPI inflation has been stable for a considerable period, and we expect the RBI to capitalize on prevailing healthy macro-economic climate and implement a rate cut in one of the subsequent MPC meets to boost consumer spending and demand. This would provide a boost to the residential sector, particularly affordable housing." Request you to please consider the same while planning the story on the announcement.

Mr. Yashank Wason - Managing Director, Royal Green Realty

"The stability in the repo rate at 6.5% for the seventh consecutive time underscores the foundation for sustained growth. With the RBI's commitment to meeting the 4% inflation target and acknowledgment of upside risks, we navigate market dynamics with vigilance, leveraging key policy rates to drive strategic investments and ensure long-term viability."

Mr. Manish Jaiswal - Group COO, Eldeco

"RBI Governor Shaktikanta Das's insights underscores the pivotal role of monetary policy in real estate, especially with this announcement, marking the first policy of FY 2024-25. We recognize the significant impact of RBI's stance on the repo rate, poised to remain stable at 6.5% for the seventh consecutive time. With a keen eye on India's economic trajectory, the RBI's decisions will shape the landscape for real estate sector growth. "