The RBI’s Monetary Policy Committee (MPC) decided to keep the repo rate at 6.5% for the eighth consecutive time in its post-election policy statement. The revised growth prediction for FY25, which is now higher at 7.2% from 7%, demonstrates the RBI’s cautious approach, which acknowledges both ongoing food inflation and a strong economic trajectory. Goel Ganga Developments’ MD, Subhash Goel, said, “The RBI’s decision underlines its alertness regarding inflation dangers while predicting economic growth. High financing prices, particularly in the affordable housing market, continue to be a barrier for potential homeowners.
Read More:Expect stability in interest rates for prospective homebuyers in short term: Developers
