Quote on RBI Expected to Announce Another Repo Rate Cut in June MPC Meet by Mr. Pradeep Aggarwal, Founder & Chairman, Signature Global (India) Ltd
Below the Quote on RBI Expected to Announce Another Repo Rate Cut in June MPC Meet by Mr. Pradeep Aggarwal, Founder & Chairman, Signature Global (India) Ltd
"The Reserve Bank of India is once again expected to offer major relief to homebuyers in its upcoming MPC meeting by reducing the repo rate by 25 basis points, driven by easing inflation and a stable economic outlook. If the rate cut materializes, it would mark the third consecutive reduction and provide a significant boost to the overall economy, particularly the housing sector.
Given that several scheduled commercial banks have been reducing their lending rates following the previous two RBI MPC outcomes, another rate cut at this juncture would act as a catalyst for increased housing demand across segments. As a result, both first-time homebuyers and investors are likely to be encouraged to enter the real estate market, further strengthening demand across the sector."
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