Page 2 - Sterling Developers News Today

The Reserve Bank of India raised its inflation projection for FY24 from 5.1 per cent to 5.4 per cent, while retaining its GDP projection at 6.5 per cent.

RBI expected to keep benchmark interest rates unchanged at 6.5% due to a rise in inflation and strong economic fundamentals

RBI maintained its repo rate at 6.50%, but with a hawkish policy stance on withdrawal to accommodation. Real estate experts welcomed the decision, saying that as long as the repo rate is not increased, home loan interest rates will remain steady, providing relief for borrowers.

This has come as a slight breather for the home loan subscribers as a repo rate pause can lead to downward rate revision in the near future.

RBI Governor Shaktikanta Das announced on Thursday morning that the repo rates will remain unchanged at 6.50%.

RBI is set to declare its second bi-monthly monetary policy decision of FY24 on June 8th, with bets favouring a second pause in repo rate. Despite inflation staying below RBIs upper tolerance limit, the possibility of a rate hike is not ruled out.

The millennial generation today is making a significant mark on the economy and is now more eager than ever before to invest in real estate. In the era of globalisation, this generation enjoys a purchasing power higher than any of the previous ...

Flow Realty, a Bengaluru-based, new generation Real Estate sales & marketing outsourcing firm,

(This story has not been edited by THE WEEK and is auto-generated from a PTI

RBI Governor Shaktikanta Das said the Monetary Policy Committee (MPC) will not hesitate to take action in the future.