“The RBI has shown neutrality by maintaining the repo rate at 6.25% in its first bi-monthly monetary policy of 2017. However, post the temporary disruption due to demonetization; we had anticipated a change which would boost the economy. Nevertheless, we support this decision and hope the RBI takes measures to cut interest rates in the near future to complement the initiatives taken by the Government to ensure stabilization of the Real Estate Market.”
Navin Makhija, Managing Director, The Wadhwa group