RBI set to lower interest rates by 25 basis points to boost growth; housing and real estate sectors to benefit.

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 challeng

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.