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Shishir Baijal, Chairman Managing Director at Knight Frank India said, “RBI had hiked the policy rates by 50 bps in the previous two policy reviews. Despite global and domestic macro economic headwinds of rising interest rates in the US, rising crude prices, threat of crude oil fuelled inflation, weaker currency and FII outflows, RBI has paused rate hikes for now. While we are in a rising interest rate cycle now, the pause will provide a temporary relief to the home buyer sentiment and support the festive season demand.”.
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