The Reserve Bank of India (RBI) is poised to reduce key interest rates by as much as 25 basis points in a bid to boost economic growth in the face of global challenges. This decision comes on the back of stable inflation rates and is likely to have a positive impact on the housing and real estate industries in the country. The official announcement regarding this rate cut is expected to be made on April 9 during the 54th Monetary Policy Committee (MPC) meeting.