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The Reserve Bank of India's decision to maintain the repo rate at 6.5% is expected to sustain growth in the housing property market, with a positive trend in middle and high-end residential transactions. The real estate market remains optimistic and hopes for cheaper housing loans in the future.
In the coming week, the market may see some consolidation after a recent rally and maintain caution ahead of RBI policy, but overall, the sentiment seems to be in favour of bulls given the positive global cues, experts said.
Financial analysts anticipate that the key policy rates will likely remain unchanged, given the gradual convergence of inflation towards the RBI’s target level and the upward trajectory of economic growth. Individuals looking to secure loans can find relief in the absence of imminent rate hikes.
RBI MPC policy: This is the fifth time that the rate-setting panel has left the repo rate unchanged as it awaits transmission of earlier rate hikes by banks
RBI MPC Meet: RBI governor Shaktikanta Das said the GDP growth projection has been raised to 7% for the current financial year from 6.5% earlier.