With the cut in repo rate, which will eventually lead to lowering down the lending rates by the banks and the Housing Finance Companies, it will make home loans more affordable, supporting homebuyers and strengthening the housing demand.
"The accompanying liquidity-enhancing measures, including open market purchases and forex swaps, underscore the growth-supportive nature of this policy decision. The repo rate cut is expected to support growth next fiscal, as monetary policy typically has a lagged effect."
Speaking to ANI, P Chidambaram said, "This was expected because according to RBI and government data, the inflation has come down. Wholesale Inflation has also come down, and there is enough liquidity. Therefore, this was expected that the RBI cut the policy rate by 25 basis points. It sh
RBI Governor Sanjay Malhotra on Friday characterised India's current macroeconomic moment as a "rare goldilocks period", that currently marks high economic growth and exceptionally low inflation.
Indian economy is projected to grow at 7.3 per cent in the current fiscal 2025-26, about a half percentage point higher than previously estimated, RBI Governor Sanjay Malhotra said Friday, announcing the decisions of Monetary Policy Committee.
The Reserve Bank of India (RBI) Governor Sanjay Malhotra will announce the policy rate today at 10 am as the three-day Monetary Policy Committee (MPC) meeting concludes on Friday.
Stronger-than-expected economic growth has led to hardening of bond yields, leaving the market divided over the Reserve Bank of India's upcoming monetary policy decision, a report by Union Bank of India stated.
The Reserve Bank of India (RBI) is expected to keep the policy repo rate unchanged at 5.5 per cent and maintain its existing stance in the upcoming December Monetary Policy Committee (MPC) meeting, a report by YES Bank said.
Indian banks are set for a "decisive profitability inflection point" as net interest margins (NIMs) begin to recover after several quarters of compression, according to a latest sector report by Nomura.