Quote on Real Estate Sector- RBI MPC's decision to Cut the Repo Rate by Mr. Akash Khurana, President and CEO, Krisumi Corporation
Below the Quote on Real Estate Sector- RBI MPC's decision to Cut the Repo Rate by Mr. Akash Khurana, President and CEO, Krisumi Corporation
The Central Bank’s unanimous decision to cut the repo rate by 25 bps to 6.25 percent is definitely a welcome move that will enhance liquidity in the economy, making credit more accessible and boosting overall consumption. This follows the last MPC's decision to reduce the Cash Reserve Ratio (CRR) by 50 basis points, which has already injected significant funds into the banking system. Lower interest rates are expected to stimulate housing demand by making home loans more affordable, strengthen market confidence, and provide much-needed momentum to the real estate sector, ultimately supporting economic growth.
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