💨 Abstract

Real estate business leader Niranjan Hiranandani has stated that the reduction in repo rate by the RBI Monetary Policy Committee will boost the affordable housing segment, which was impacted by higher interest rates over the past five years. The RBI, in its first monetary policy meeting under new Governor Sanjay Malhotra, reduced the policy rate by 25 basis points.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖