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RBI Monetary Policy | Stock Market, Real Estate & Personal Finance

dr Ravi Singh, Vice President and Head of Research, Share India

RBI has increased the repo rate by 50 basis points as expected and is already discounted by the market. The indices and stocks are currently suffering from weakness from the impression of selling pressure on the world markets. Nifty could hold support at 16800 level if international markets show a reversal. A rebound in Nifty can show the 17200 levels otherwise the downside levels from 16500 are possible. Inflation and rupee weakness remain major concerns that need to be improved to sustain economic growth. Investors should wait until market sentiment stabilizes before making a fresh entry.

Mr. Suren Goyal, Partner, RPS Group

The RBI’s increase in the repo rate will have some implications for the current housing market. However, the overall impact will be limited and the industry will continue to thrive in the period ahead. There are many buyers in the low-priced as well as in the premium & trend segment. Interestingly, expats are also showing tremendous interest in real estate, and the investor class is also turning, lured by the tangible nature of wealth. Price growth has been modest so far and this is one of the best times to buy a home. In addition, the pandemic has also sparked interest from buyers in other categories such as land developments, villas and farmhouses. Although these are niche segments, their growth will help the industry as a whole.

Mr. Amit Gupta, MD, SAG Infotech

Finally, we have an inflation forecast for FY23, which remains at 6.7% as we all previously expected due to rising food prices. Another hard fact is that despite growth slowdowns, inflation stayed at 6.7% in FY23, with an accurate GDP forecast of 7.4%. The US dollar is at a record high and we see emerging market economic challenges including a slowing global economy, rising energy prices, spillovers from advanced economies, debt problems and sharp currency declines. Despite rising global recession fears and high inflation, the Indian economy remains resilient. It has become more important for the RBI to continue frontloading its rate hikes – to provide a soft defense for the rupee – as global tightening intensifies.

Mr. Ravi Singhal, CEO, GCL

As we can see, the governor of the RBI increased the RRR by 0.50 percent. The inflation target was exceeded. Precipitation is expected with a delay.
approach to accommodation
Demand is expected to remain strong in the second half. Nevertheless, the inflationary effect threatens. The possibility of interest rate hikes is also increased.

Ankit Aggarwal, MD, Devika Group

The Indian property market looks optimistic and will defy any rise in repo rates. Repo rates have also increased in the past. However, the industry has remained largely unperturbed by accelerated growth in most of the major markets in India. Consumer sentiment is strong and there is visible demand in the market. In addition, buyers now understand that from here, property prices would rise continuously for a longer period of time, and therefore, instead of waiting and watching, the most appropriate move is to take the plunge. A restart of the economy and strong structural parameters such as a surge in urbanization and attractive demographics will also positively interlock the market.

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