RBI repo rate stance may boost festive home sales, but affordability concerns persist for homebuyers

The Reserve Bank of India’s Monetary Policy Committee on Wednesday kept the repo rate unchanged at 5.25%.

The repo rate is the interest rate at which the central bank lends money to commercial banks. The Monetary Policy Committee reviews the rate every two months.

The committee had cut the repo rate by 25 basis points from 5.50% in December and kept it unchanged in February, April and June.