ANAROCK chairman Anuj Puri says though 25 bps rate hike is along expected lines, repo rate at 6.5% could have some repercussions on housing uptake as home loan interest rates will head further north.
Total bank credit rose by 16.4% on a YoY basis as of Sep’22, supported by higher non-food credit demand.
Delhi NCR saw the highest increase in residential real estate prices across India at 10% with an average carpet price of ₹7,434 per square feet in Q2 2022.
It would be prudent to invest in shorter duration debt funds as accruals are decent and duration risk is contained.
This rise in interest rates will ultimately impact overall acquisition cost for homebuyers and dampen sales, says Anuj Puri of ANAROCK Group.
After being sanguine about inflation, out-of-turn MPC meet endorses 40-bps repo rate hike.
Liquidity needs to be modulated in line with the policy action and stance to ensure their full and efficient transmission across the economy, governor Das says.
While a majority of indices tanked today due to rate hike by RBI, LIC IPO was saved from dampening spirit of the Indian stock markets in the nick of time.
The monetary panel has decided to retain its accommodative stance from its meeting in April, with an eye accommodation withdrawal.
