RBI Repo Rate Cut - Sunteck Realty Ltd

Mr. Kamal Khetan - CMD, Sunteck Realty Ltd. on the fourth Bi-Monthly Monetary Policy:

"We welcome the Central Bank's policy move of reducing the Repo Rate by 50 basis points; the Governor deserves a pat on his back. At the outset, this rate cut will lead to a long and sustained improvement of the market sentiments through higher consumer spending and easy availability of loans to both consumer as well corporate. This is great news for the real estate sector as the rate cut would also lead to a significant reduction in home loan rates thereby reducing EMIs of home buyers. Corporate would benefit as interest outgo on existing loans would reduce and also enable them to raise equity. The prospects of Government divestment would also gather pace. The green signal to raising of Rupee Debt overseas is a game-changer and can create an alternate source of funding for Indian companies."

Source : Equity Bulls

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