ANAROCK chairman Anuj Puri says though 25 bps rate hike is along expected lines, repo rate at 6.5% could have some repercussions on housing uptake as home loan interest rates will head further north.
Delhi NCR saw the highest increase in residential real estate prices across India at 10% with an average carpet price of ₹7,434 per square feet in Q2 2022.
Liquidity needs to be modulated in line with the policy action and stance to ensure their full and efficient transmission across the economy, governor Das says.
While a majority of indices tanked today due to rate hike by RBI, LIC IPO was saved from dampening spirit of the Indian stock markets in the nick of time.