
RBI’s 50 bps Rate Cut and CRR Reduction – A Great Move by RBI for Real Estate
This morning, the Reserve Bank of India took a decisive step towards stimulating economic growth by announcing a 50 basis points (bps) cut in the repo rate, bringing it down to 5.5% along with a 100 bps reduction in the Cash Reserve Ratio (CRR) to 3%. These twin moves aim to make borrowing more affordable and increase liquidity in the financial system. This development comes as a much needed catalyst