The RBI rate cut will help improve loan affordability and boost housing demand. Lower interest rates will benefit existing and new home loan borrowers.

RBI's decision to cut interest rates for the first time in five years is expected to stimulate economic growth in India, according to industry leaders. The rate cut complements recent budget measures and sets the stage for further easing of interest rates in the near term.

The Reserve Bank of India (RBI) reduced its key repo rate on Friday for the first time since May 2020, aiming to provide stimulus to the sluggish economy, which is projected to grow at its slowest pace in four years during the current fiscal year.

India’s new central bank governor cut interest rates for the first time in almost five years on Friday to help spur a slowing economy as global risks intensify.

The Reserve Bank of India has cut its key interest rate for the first time in nearly five years, as cooling inflation has offered room to stimulate the slowing economy. The Monetary Policy Committee decided to trim the repo rate by 25 basis points to 6.

The Reserve Bank of India (RBI) cut its key interest rate for the first time in nearly five years on Friday, as it seeks to boost the sluggish economy and sees inflation easing towards its 4% target.