India Inc welcomes RBI MPC decision to keep interest rate unchanged, retain accommodative stance

According to Shrey Aeren, MD & country head, Berkshire Hathaway Home Services Orenda, the stable repo rate is a welcoming step, as it is expected that the economic growth will be led by urban capacity building, infrastructure upgrades, multimodal logistics parks, affordable housing, and SEZ policy. The continuation of this interest rate has supported the overall real estate scenario, even though now the projected inflation rate for the economy is now increased to 5.7 percent in 2022-2023.