The Reserve Bank of India (RBI) is likely to reduce key interest rates by up to 25 basis points in a bid to boost growth amid global economic challenges. This decision comes against a backdrop of stable inflation, and it is expected to have a positive impact on the housing and real estate industries in India. The official announcement regarding this rate cut is set to be made on April 9 during the 54th Monetary Policy Committee (MPC) meeting. The move is significant as it 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 following the RBI's decision on interest rates.