Comments on Monetary Policy - Mr. Brijesh Bhanote, Sr. VP - Sales and Marketing, The 3C Company

Reacting to the Repo Rate and Reserve Repo Rate hike by the Reserve Bank of India (RBI), Mr. Brijesh Bhanote, Sr. VP- Sales and Marketing, The 3C Company said, "The policy announcement of 25 basis points Repo Rate and 50 basis points of Reserve Repo Rate hike is almost in line with expectations. The recent change in the monetary policy will have a gentle impact in tightening money in the economy and will reduce further inflationary pressures. It is expected that the public and private sector banks will increase their rate of interest at which they lend money resulting a hike in the borrowing cost for the real estate developers, building material providers and accessories industries and will further add burden to the home buyers".

Source : Equity Bulls

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