RBI to slash interest rates by 25 basis points to boost growth amid global challenges, benefiting housing sector.

The Reserve Bank of India (RBI) is anticipated to announce a reduction in key interest rates by up to 25 basis points in a bid to boost growth in the face of global challenges. The decision comes as inflation remains stable, providing room for the central bank to implement measures to support the economy. This expected rate cut is likely to have a positive impact on the housing and real estate sectors, providing relief to borrowers. The official announcement is set to be made on April 9 during the 54th Monetary Policy Committee (MPC) meeting.

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