– Anuj Puri – 

Anuj Puri, Chairman – ANAROCK Group

Amid the ongoing impact of the Omicron variant of Covid-19 across the world and in India,
RBI has once again decided to keep the repo rates unchanged at 4% and reverse repo rate at 3.35% while maintaining an ‘accommodative’ policy stance.

This is the tenth consecutive time that the RBI maintained status quo amid the current uncertainties for continued growth.

The fact that the repo rates remain unchanged is good for home loan borrowers as the floating retail loan rates, which are directly linked to external benchmark repo rates, will continue at what are the lowest levels in the last two decades. A continuation of this low interest rate regime supports  the overall environment of affordability for some more time and is very welcome.
While the window of opportunity for homebuyers to avail Low interest rates has been extended for some more time, it is unlikely to prevail for much longer – sooner or later, repo rates will rise. Overall, this courageous and progressive stance by the RBI factors in real-time ground realities and flies in the face  of industry expectations that the repo rates would be increased.


Disclaimer : The views expressed by the author in this feature are entirely his own and do not necessarily reflect the views of INVC NEWS.



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