Samantak Das, ?Chief Economist & Director Research, Knight Frank India said this was "expected' and that "the RBI has kept key policy rates unchanged to ensure that inflationary expectations are brought down in the country"
In his statement, he also mentioned that performance manufacturing sector was "not so inspiring" and the fall in the Last quarter's GDP growth did raise hopes for a potential rate cut.
He opined that with recent sales in the real estate sector remaining subdued across the country, stakeholders were hoping for a rate cut this time to initiate tractions in the market. However, given the current scenario of high optimism along with economic fundamentals falling in place, the RBI may look at testing the sustainability of the economic progress for one more quarter. Hence, the real estate sector will have to face the challenges in the short term but going forward we do expect the RBI to revisit its stance in the next review.