The Reserve Bank of India (RBI) is anticipated to reduce key interest rates by up to 25 basis points in its efforts to boost growth in the face of global challenges. This decision comes as inflation remains stable, and is expected to have a positive impact on the housing and real estate industries. The official announcement is set to be made on April 9 during the 54th Monetary Policy Committee (MPC) meeting. This move by the RBI aims to provide a much-needed stimulus to the Indian economy, which has been facing headwinds due to various global factors. Stay tuned for more updates on this important development in the financial sector.
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RBI likely to cut interest rates by 25 basis points to spur growth, boost real estate – Announcement on April 9
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