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The Economic Times
The Economic Times
Business

RBI's status quo on repo rate to boost festive housing demand, homebuyer confidence: Industry experts

RBI Inflation

The Reserve Bank of India's (RBI) decision to keep the repo rate unchanged is likely to support homebuyer confidence, boost festive-season housing demand and investment activity across India's real estate sector as per industry experts.

The apex bank in its Monetary Policy Committee (MPC) meet on Wednesday decided to keep the benchmark repo rate unchanged at 5.25 per cent while retaining its 'neutral' policy stance, stressing the need for greater clarity on the inflation trajectory amid uncertainties surrounding the southwest monsoon, El Nino, geopolitics and global trade policy.

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