The Reserve Bank of India (RBI) is anticipated to announce a cut in key interest rates by up to 25 basis points in a bid to boost growth amidst global economic challenges. This decision comes as a result of stable inflation rates and is expected to have a positive impact on the housing and real estate markets in India. The official announcement regarding this rate cut is scheduled to be made on April 9 during the 54th Monetary Policy Committee (MPC) meeting.
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RBI set to lower interest rates by 25 basis points to boost growth; announcement expected on April 9.
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