India, Dec. 6 -- Benign inflation outlook provides policy space to support the growth momentum. The language seems to indicate one more rate cut in the coming months as current year CPI inflation has been revised lower to two per cent, and GDP growth upwards to 7.3 per cent. As per the RBI Governor, core inflation pressure is still low given that 50 basis points of increase in core inflation is contributed by the metal prices.
Murthy Nagarajan,
Head-Fixed Income, Tata Asset Management
For the real estate sector, this rate cut builds on the momentum created during the recent festive season and GST rationalisation of key construction materials. Lower borrowing costs will improve affordability and buyer sentiment, particularly in affordable...