"RBI’s decision to maintain the status quo on key policy rates is on expected lines in the backdrop of inflationary concerns. The accommodative stance will further allow banks to keep the interest rates unchanged for some more time which came down to a historic low level in recent times. It will move well with the homebuyers as it will increase affordability, especially for those who are dependent on home loans.
Also, RBI’s announcement to increase the mandate limit from Rs 1 crore to Rs 3 crore for trade credit to MSMEs is a sign of relief for the pandemic-affected sector."