New Delhi, June 6 -- In a move that is likely to bring cheer to homebuyers, the Reserve Bank of India (RBI) has announced a 50 basis point cut in the repo rate, bringing it down to 5.50 per cent. This marks the third consecutive rate cut under Governor Sanjay Malhotra, signaling continued efforts to stimulate economic growth amid global headwinds. While the monetary policy stance has now shifted from 'accommodative' to 'neutral', the reduction in borrowing costs is expected to support housing demand and improve credit flow to the real estate sector, particularly at a time when affordability and buyer sentiment remain crucial for sustained momentum.

Industry leaders have welcomed the RBI's decision, highlighting its potential to enhance ...