RBI Repo Rate: Reactions from Tata Realty, Hiranandani Group, PropEquity and more

Contrary to what many had expected, the Reserve Bank of India chose not to lower the repo rates. The latest decision of the RBI comes after five consecutive rate cuts. The repo rate - rate at which RBI lends money to commercial banks - stands unchanged at 5.15%. The real estate industry, which is reeling under the pressure of declining sales, were hopeful that RBI would cut interest rates further are disappointed by the decision of the central banker.

Read more:- https://www.surfacesreporter.com/articles/51329/rbi-maintains-status-quo-real-estate-industry-disappointed