The Reserve Bank of India (RBI) is poised to reduce key interest rates by up to 25 basis points in a bid to boost growth in the face of global economic challenges. This decision comes on the back of a backdrop of steady inflation rates and is likely to have a positive impact on the housing and real estate industries in the country. The formal declaration is set to be made on April 9 during the 54th Monetary Policy Committee (MPC) meeting.