National · 5 updates
RBI MPC Meeting: Growth outlook hazy amid Iran conflict, said Governor Sanjay Malhotra.
Indeed, RBI governor Sanjay Malhotra has acknowledged that the conflict in West Asia continues to weigh on the global economy by disrupting critical trade routes and supply chains, increasing market volatility and weakening business confidence. But the biggest factor for keeping repo rate unchanged was that while inflation has risen, the impact of cost pressures has not been widespread.
The Reserve Bank of India has maintained its benchmark repo rate at 5.25 percent, a move likely to foster buyer confidence and stimulate housing demand. Experts believe this steady rate will promote home purchases and encourage investments in real estate. The construction sector and related industries are expected to thrive with predictable borrowing costs, especially during the festive season.