By Admin 
Rbi mpc meet: The bilateral review meeting of the Monetary Policy Committee (MPC) deciding on policy interest rates has started from Monday. Experts believe that this time policy rates can be kept stable, while some experts have predicted a reduction of 0.25%.
MPC meeting between high tariffs
The decision of a six-member MPC meeting headed by Reserve Bank of India (RBI) Governor Sanjay Malhotra will be announced on Wednesday. This meeting is taking place at a time when there is a lot of pressure due to global stress and 50% high tariff on Indian exports by the US.
RBI has cut the repo rate in three phases from February this year so far by 1 percent. However, in August review, the repo rate was maintained at 5.50 percent, keeping the rates stable.
The report of Goldman Sash has hoped that the repo rate and policy stance may remain unchanged at the moment. At the same time, this report says that there may be a possibility of further deduction of 0.25% in the next meeting to be held in December. On the other hand, Bajaj Broking says that the market is not expecting any major change this time.
Expected to cut interest rates
The real estate sector believes that retail inflation remains sluggish and changes in GST slabs have reduced the burden of taxes, causing scope to cut rates. Praveen Sharma, CEO of Housing.com, said that the festive weather is the most suitable time to buy the house and if the interest rates are cut, the sale can gain momentum. Chrisumi Corporation Chairman Ashok Kapoor also said that the rate of rates will speed up residential demand.
However, Shikhar Aggarwal, chairman of BLS e-Services, believes that RBI can also adopt a strategy to wait at the moment in view of strong domestic demand and recent GST reforms.
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