[INDIA REAL ESTATE NEWS] Good morning, everyone. I’m Kyungwon staff of Kamagroup. Here I have important INDIA REAL ESTATE news to share with you which is as mentioned under.
The Reserve Bank of India, for the second straight time in a row, kept its key policy rate unchanged at 5.15 per cent, maintaining its accommodative policy stance for as long as it was necessary to revive growth. The central bank retained the GDP growth at 5 per cent for 2019-20 and pegged it at 6 per cent for the next fiscal.
“Economic activity remains subdued and the few indicators that have moved up recently are yet to gain traction in a more broad-based manner. Given the evolving growth-inflation dynamics, the MPC felt it appropriate to maintain the status quo,” the Monetary Policy Committee (MPC) said. While the six-member committee voted unanimously to hold rates, it also said that there is “Policy space available for further action.”
Read more at https://housing.com/news/rbi-monetary-policy-interest-rates/
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