RBI Rate Cut To Spur Residential Demand, Lower Home Loan Rates: Industry

The Central Bank’s Monetary Policy Committee (MPC) cut the repo rate by 25 basis points to 6.25 per cent. RBI Governor Sanjay Malhotra said the MPC has also unanimously decided to continue with a neutral stance and will focus on inflation while supporting growth. The Central Bank’s Monetary Policy Committee (MPC) cut the repo rate by 25 basis points to 6.25 per cent. RBI Governor Sanjay Malhotra said the MPC has also unanimously decided to continue with a neutral stance and will focus on inflation while supporting growth.  Zee News :Business