RBI Monetary Policy Review: Real estate developers hail Repo Rate cut
RBI’s decision to slash the Repo Rate by 25 basis point to 6.25 per cent is a welcome and unexpectedly positive move, given the sops that the recent expansionary budget gave to farmers at an additional cost of Rs 75,000 crore per annum.
RBIs Repo Rate cut give a substantial push to property buyer sentiments, and it was certainly high time for such a cut. Photo: PTI