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CREDAI welcomes RBI ...

CREDAI welcomes RBI announcement to cut repo rate

The Confederation of Real Estate Developers’ Associations of India (CREDAI) the apex body for private real estate developers in India welcomed the move by RBI to reduce the repo rates by 25 bps to 7.5%, the second rate cut within a span of 50 days. This is a favorable shift in stance from the RBI in view of the controlled inflation projection and a favorable business environment.