RBI’s monetary policy announcement | Quote by Ankur Dhawan- Chief Investment Officer-PropTiger.com

“Industry was expecting a bigger rate cut than announced. As headline inflation is way below target, MPC could have given 50 bps relaxation to industry. It would have helped accelerate sales growth in residential real estate which is a major contributor to economy. Change of stance to neutral is positive as it means we can look forward to future rate cuts.”