New Delhi, Oct. 2 -- Real estate developers have welcomed the RBI's decision to keep the policy repo rate unchanged at 5.50 percent, saying it would provide much needed stability, support affordability, and boost confidence among buyers and investors at the start of the festive season.
The Reserve Bank of India's Monetary Policy Committee (MPC) on Wednesday decided to keep the policy repo rate unchanged at 5.50 percent and maintain a neutral stance. Consequently, the standing deposit facility (SDF) rate remains at 5.25 percent, while the marginal standing facility (MSF) rate and Bank rate remain at 5.75 percent.
The MPC met on September 29, 30, and October 1 to deliberate and decide on the policy repo rate.
Welcoming the decision, Siraj ...