RBI MPC Meet Update: MPC meeting decisions will be announced tomorrow, what are the experts saying about repo rate:

New Delhi: The three-day meeting of the Monetary Policy Committee (MPC) of the Reserve Bank of India is starting from August 6, in which the future of the repo rate will be considered. Experts believe that this time too there will be no change in the repo rate, which will maintain financial stability.

Currently the repo rate is at 6.5 percent, which was last changed in February 2023. This will be the 9th consecutive bi-monthly policy review in which there will be no change in the repo rate. Experts believe that given the inflation rate and global economic conditions, RBI may stick to its current policy.

Despite the current global challenges, the state of the Indian economy remains relatively stable, due to which it is expected that the RBI will not make any sudden changes. The importance of this decision also lies in the fact that it will have a direct impact on domestic loan rates, due to which all eyes are on this meeting regarding the impact it will have on the general public and the business world.

Come, let us know what the experts say about the MPC meeting.

Pradeep Aggarwal, Founder and Chairman, Signature Global (India) Limited

According to Ashwini Kumar, Pyramid Infratech, the real estate sector has recently witnessed a rise in demand for luxury residential properties. Ahead of the upcoming monetary policy, stability in the status quo will benefit the sector as it will increase demand for residential properties, helping developers to build more projects that meet the needs of buyers.

Moreover, unchanged home loan rates will also provide some major relief to potential home buyers. However, a slight reduction in the repo rate will boost sector growth. Thus, we envision RBI's decision to keep the repo rate steady will lead to expansion of new projects and developments in emerging sectors.

According to Kushagra Ansal, Director, Ansal Housing, “We expect this healthy demand trend to continue over the next few years, especially in fast-growing urban cities like Gurugram, which are experiencing significant infrastructure progress.

According to Nandini Garg, Director, Rajdarbar Ventures, we are expecting that RBI will keep the repo rate stable this time too. This will strengthen the sentiment of home buyers, as home loan interest rates will remain low. Amid the increasing demand for housing, stable interest rates will provide relief to home buyers. At the same time, both developers and home buyers will benefit from stable cost of loans, which will increase confidence and stability in the market. This stability will bring more profitable opportunities for buyers and developers in both residential and commercial sectors.

Ultimately, the RBI Monetary Policy Committee meeting will make it clear how the Reserve Bank of India strikes a balance between economic stability and growth. In the opinion of experts, maintaining stability in the repo rate will maintain investor confidence and bring stability to the Indian market.