For the ninth consecutive occasion, the RBI’s MPC agreed on August 8 to maintain the repo rate at 6.5 percent. Experts and real estate developers stated that the RBI’s strategy will boost economic expansion and bolster consumer trust in the housing industry.
The Reserve Bank’s decision to maintain the repo rate at 6.5 percent, according to real estate developers and analysts, will boost the confidence of prospective homeowners and maintain housing demand because house loan EMIs will stay the same for the time being.
For the ninth consecutive month, the Reserve Bank of India’s Monetary Policy Committee (MPC) voted on August 8 to maintain the repo rate at 6.5 percent.
The chairman and managing director of Knight Frank India, Shishir Baijal, stated that a stable policy interest rate is both expected and will boost the sentiment of homebuyers. In light of the inflationary pressures brought on by consistently high food prices, the RBI kept the policy repo rate at 6.5 percent.
