Another push from our business-friendly institutions, the Reserve Bank of India has decided to maintain the status quo of the repo rate, which means the rate remains unchanged. This is the second time in a row the supreme banking institution has done so in order to keep the industry acceleration motivated along with offering a helping hand to first-time homebuyers.

The unchanged repo rate will ensure the interest rates prevailing in the market remain stable. This action will boost the primary property market by curbing loans to developers and homebuyers from getting dearer. Furthermore, it identifies the possibility of having inflation in check because the repo rate is normally geared up to counter the rising inflation in the economy.

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