The Reserve Bank of India (RBI) will ensure swift transmission of repo rate cut benefits, says governor Sanjay Malhotra in a post-policy press conference.
Shriram Ramanathan, CIO, Fixed Income, HSBC Mutual Fund, said, "The RBI MPC managed to meet the market's hefty expectations, by announcing a 25bps repo rate cut along with a change of stance to accommodative. Importantly, the MPC now believes that the headline CPI is aligned on a durable bas
India's domestic demand is expected to remain resilient, supported by the personal income tax concessions announced in the 2025 Union budget and the repo rate cut initiated by the Reserve Bank of India, S&P Global Market Intelligence said in a note.
Income tax relief provided for in the Budget coupled with RBI repo rate cut put together will boost recovery in consumption in the economy, asserted Finance Minister Nirmala Sitharaman.
Congress leader Rajeev Shukla on Friday welcomed RBI's decision to reduce repo rate by 25 basis points (bps) to 6.25 per cent and said that it will help trade and industry as loans will get cheaper.
Real estate leader Niranjan Hiranandani said affordable housing segment will get yet another boost with the reduction in repo rate by the RBI monetary policy committee.
In a move that is expected to boost residential real estate, business investments, and overall economic growth, experts have welcomed RBI's repo rate cut, combined with budgetary measures for real estate and investments -- a game changer for economic growth.
Anshul Jain, Chief Executive, India, SEA & APAC Tenant Representation at Cushman & Wakefield, described the move as "well-timed and much-needed," particularly as CPI inflation eases and Q2-FY25 GDP growth slows.
Reserve Bank is expected to cut repo rates in February 2025 and such a decision, it at all taken, is unlikely to be impacted by rupee's weakness against the dollar, asserted SBI Research in a report.
The Reserve Bank of India (RBI) is likely to cut the repo rate by 25 basis points this year, and cumulatively by 1 percentage point as part of its departure from steady monetary policy, said investment banking company Jefferies in a report.
SBI Capital Markets anticipated the interest rate cut in the late calendar year of 2024, adding that the Reserve Bank of India (RBI) is now focusing on local disinflation and growth while monitoring global trends.