Real estate leader Niranjan Hiranandani said affordable housing segment will get yet another boost with the reduction in repo rate by the RBI monetary policy committee.
RBI Governor Sanjay Malhotra on Friday said India can certainly achieve 7 per cent or above growth and that should be what the country should aspire for.
On the inflation front, RBI expects Consumer Price Index (CPI) inflation to ease to 4.8 per cent in FY25, with Q4 FY25 inflation projected at 4.4 per cent. For FY26, inflation is forecasted at 4.2 per cent, with quarterly estimates as Q1 FY26: 4.5 per cent, Q2 FY26: 4.0 per cent, Q3 FY26:
Experts anticipate that the central bank may cut the repo rate by 25 basis points (bps) to support economic growth while keeping inflation under control.
The upcoming monetary policy announcement by the Reserve Bank of India (RBI) is expected to provide clarity on crucial aspects that will shape the financial services sector, according to a report by HSBC.
The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) could consider a rate cut in February if food inflation declines in January, says a report by ICICI Bank.
Strong foundations for high growth can be secured only with durable price stability, the monetary policy committee of Reserve Bank of India emphasized before keeping the policy rate unchanged in the latest meeting.
Reserve Bank is expected to cut repo rates in February 2025 and such a decision, it at all taken, is unlikely to be impacted by rupee's weakness against the dollar, asserted SBI Research in a report.
The Reserve Bank of India (RBI) decided to keep the repo rate unchanged at 6.5 per cent for the 11th consecutive time, marking a continuation of its neutral monetary policy stance. The RBI downwardly revised GDP forecast for 2024-25 to 6.6 per cent from 7.2 per cent earlier.