It would have helped if the sector received benefit from MPC: Realtors
Posted On:
2021-04-07 04:39:11
(Time Zone: Arizona, USA)
The Reserve Bank of India (RBI) has maintained the policy rate at 4% and voted unanimously to keep the status quo with an accommodating stance. The marginal standing facility and bank rate remained at 4.25 per cent, while the reverse repo rate remained at 3.5 per cent. The majority of experts predicted that the RBI will preserve the status quo in the face of a rise in COVID-19 cases in the country. The RBI's decision to keep key policy rates unchanged means that low-interest rates on home loans will continue, but real estate developers believe that more reductions could have boosted housing demand, which has shown signs of recovery in recent months.