/RBI Monetary Policy Quote by Shishir Baijal, Chairman & Managing Director, Knight Frank India

RBI Monetary Policy Quote by Shishir Baijal, Chairman & Managing Director, Knight Frank India

Quote by Shishir Baijal, Chairman & Managing Director, Knight Frank India:

 

“The policy rate cut of 25 bps by the Reserve Bank of India’s monetary policy committee is on the expected lines. While it is a welcome move we were looking forward to a much more aggressive rate cut. Considering the battery of new reforms in force, a good monsoon in progress, benign inflation numbers, favourable global environment and the overall uptick in industry sentiments a healthier lending rate could have provided the much needed thrust to fuel India’s growth story. But we are happy to see that the central bank has adopted a monetary policy that propels growth. A growing economy would signal healthy consumption across all genres of the Indian real estate.”