Tata Realty & Infrastructure Limited’s reaction on the RBI Monetary Policy announcement

“The RBI’s decision to further cut repo rate by 35 basis points to 5.4% is a well-timed move as the country prepares for the festive season. The move is expected to improve buying sentiments in the market and provide the much-needed impetus to the real estate sector that has been battling with tight liquidity condition. With four straight rate cuts, the benchmark rate is now the lowest since April 2010. It highlights on government’s efforts to improve liquidity and consumption pattern in the Indian economy, and boost growth from a five-year low. We are hopeful that the festive season would bring in more cheers with strong demand revival and improved investor interests.”