Latest from repo rate
Central banks typically raise or decrease key lending rates largely based on how it thinks inflation will pan out in the future and not on price levels witnessed in the past
RBI Governor-led MPC meeting to decide bi-monthly policy on Thursday; analysts predict pause on repo rate.
The Reserve Bank of India’s decision to keep repo rate unchanged is likely to lead to stable home loan interest rates and continue the uptick in housing demand, say real estate sector leaders. This is the second consecutive time that the central bank has kept the lending rate unchanged.
Housing sales in January-March 2023 breached the one lakh mark at 1.14 lakh units across the top 7 cities, said Real estate consultant Anarock Chairman.
Published on Jun 08, 2023 02:38 PM IST
PTI | | Posted by Lingamgunta Nirmitha Rao
The monetary policy committee (MPC), which has three members from the Reserve Bank of India and three external members, kept the repo rate steady at 6.50%.
Published on Jun 08, 2023 10:10 AM IST