Governor Shaktikanta Das of the Reserve Bank of India (RBI) released the second bi-monthly monetary policy for FY 2024-25, maintaining the benchmark repo rate at 6.5% for the eighth consecutive time. This decision, made by the six-member Monetary Policy Committee (MPC), aims to stabilize external benchmark lending rates, providing relief to borrowers with unchanged EMIs. Subhash Goel, MD at Goel Ganga Developments, stated, “While the RBI’s stance reflects an awareness of inflation threats and optimistic economic growth, the high borrowing costs continue to challenge prospective homeowners, especially in the affordable housing sector. Homebuyers eagerly await ideal interest rates and more affordable housing options in the coming months.”
Read More : RBI Kept Repo Rate Unchanged: What Does This Mean For Home Loan Borrowers?
