Expected, as Rajan term as Governor is about to end

” It was an expected move from Mr. Raghuram Rajan to keep the key ratio unchanged because his term as a Governor of RBI is about to end so he must have prevented in taking any steps and left it for its successor . Also the retail inflation is still above the RBI’s target level however it is believed that it might come down with a good monsoon. However the realty sector believe that a cut of at-least 25 bps during the upcoming festival season could have boosted the sales. The sector is at recovery mode usually this at time of the year sales volume pick up and a cut would have really helped in improving the sales.”

Mr Suresh Garg, CMD Nirala World and Secretary CREDAI Western U.P