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Rate cut was needed to spur investment

Gaurav Jain

“It’s surprising that RBI has kept its repo rate unchanged at 6.25 per cent in its first monetary policy review after demonetisation. We were hoping that there would be some relief. Rate cuts were required to spur investment in real estate sector.  No reduction in repo rate will keep the real estate sentiments unchanged”

Gaurav Jain,  MD& CEO,  Jindal Realty