Silva announced his farewell on Monday in an emotional video message on Chelsea's website
Anuj Puri, Chairman - ANAROCK Property Consultants, said: "As hoped for, the RBI has reduced the repo rate by another 25 basis points. Back-to-back repo rate cuts by the RBI are indeed the perfect start to a new financial year, resulting in overall reduction of 50 basis points since February 2019. The repo rate now stands at 6 per cent - returning to the same level as in April 2018. This will augur well for the Indian real estate sector and keep the momentum going in the coming year.
The sector already saw an uplift in homebuyer sentiment due to the multiple sops offered by both the Government and the RBI in just the first three months of 2019.
Similalry, Dr VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said: "The market trend, going forward, will be influenced by the capital flows into the market. So long as the Fed and ECB remain dovish, more flows can be expected into the market, which can impart resilience to the market. High valuation of markets remain an area of concern." - sandhya@khaleejtimes.com
* This is second back-to-back rate cut;
* RBI maintains Neutral stance on the monetary policy;
* Four out of six MPC members voted in favour of rate cut;
* GDP growth projection lowered to 7.2 per cent for 2019-20;
* RBI revises downward retail inflation estimate to 2.4 per cent in Q4 FY19.
* MPC notes output gap remains negative and domestic economy facing headwinds;
Silva announced his farewell on Monday in an emotional video message on Chelsea's website
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