Business News | RBI Repo Rate Hike: Real Estate Sector Voices for Stability
Get latest articles and stories on Business at LatestLY. The Reserve Bank of India (RBI) recently raised its repo rate by 25 basis points, taking the total interest rate to 6.5 per cent. While this is only a nominal increase and is not expected to impact the real estate sector, both residential and commercial segments. However, it is essential to note that this is the sixth consecutive hike, and the sector now expects stability. The rate is also at its highest point in four years. The real estate sector is a significant contributor to the country's GDP, and stability in interest rates is cruci...
Source: latestly.com
