The Reserve Bank of India (RBI) has slashed its GDP growth forecast to 6.6% for the current fiscal year, citing economic challenges. However, the central bank has decided to keep the repo rate unchanged. This move comes amid concerns over the real estate
EconomyGdpRbiReal EstateRepo RateReal Estate NewsDec 06, 2024
The RBI has revised the GDP growth forecast to 6.6% for the current fiscal year.
The forecast was revised due to economic challenges, including global uncertainties and issues in the real estate sector.
The repo rate is the rate at which the RBI lends short-term funds to commercial banks. It was kept unchanged to support economic recovery and avoid inflationary pressures.
The real estate sector, manufacturing, services, and agriculture are expected to be most affected by the revised GDP forecast.
The RBI will continue to monitor the economic situation closely and stand ready to take appropriate measures to support growth and maintain financial stability.
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