The Reserve Bank of India’s (RBI) decision to keep the repo rate unchanged will give a much needed boost to the real estate sector which is witnessing signs of revival in the past six months, industry experts said.
The apex bank on Friday kept the repo rate unchanged at 6.50 per cent, despite global and domestic macro-economic headwinds of rising interest rates in the US, rising crude prices, threat of crude oil fuelled inflation, weaker currency and FII outflows, Knight Frank India Chairman and Managing Director Shishir Baijal said.