RBI move was expected one - Mr. Kamal Khetan - CMD, Sunteck Realty - 0 views
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Sunteck Realty Limited on 07 Aug 15"RBI's move to keep the repo rate unchanged was an expected one considering the recent rate cuts. However, several measures like increase in bank lending to productive sectors & foreign portfolio investors being allowed to invest in G-secs after their investment limits are utilized signal the central bank's pro-activeness to mobilize the Indian economy. With CAD & inflation targets well within control & GDP estimates of 7.6%, the Indian economy seems headed for a good financial year ahead. We would expect Banks to reduce home loan rates further in this fiscal and encourage the fence sitter to take a decision to give a much needed boost to the Real Estate sector".