Comment by Mr. Rohan Pawar, CEO of Pinnacle Group on Hike in Repo Rate by RBI MPC
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“The August meeting of MPC was one of the most crucial ones as the Indian economy is at a very critical juncture. While the RBI decided to hike the interest rate again by 50 bps to 5.40%, the SDF (Standing Deposit Facility) stands adjusted to 5.15%. Meanwhile, the Repo rate is back to pre-pandemic levels and has been at its highest since August 2019. At the same time, the inflation in agri-commodities around the globe is showing no signs of abatement while the Russia-Ukraine war still continues. An upward revision will impact the sentiments of home buyers, who have remained positive despite the last set of revisions that led to a rise in home loan interest rates.”
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