Benefit for borrowers

The Reserve Bank of India (RBI) decision to maintain the repo rate at 6.50% suggests a cautious approach towards monetary policy tightening. It indicates an alertness to conduct a delicate balancing act between arresting inflationary pressures and sustaining a robust economic environment. Achieving equilibrium remains the primary objective. The maintenance of the repo rate stabilises the real estate sector, resulting in a steady flow of funds. Consequently, it benefits homebuyers. Communicating a confidence boost to consumers is crucial for sustaining demand, says Anshuman Magazine, Chairman, CBRE.