News
RBI maintains status quo on policy rates
RBI Governor Shaktikanta Das said on October 9 that the country’s economy is likely to contract 9.5 per cent in the current financial year, “with risks tilted to the downside”, while maintaining a status quo on policy rates citing high inflation.
The GDP may break out of the coronavirus-induced contraction and turn positive by the fourth quarter of 2020, Governor Das said.
The Monetary Policy Committee – whose three new external members voted in October 9 policy action – unanimously favoured holding the repo rate at the existing 4 per cent, while retaining an “accommodative” stance – which rules out any hikes for the time being.
-
Interviews4 weeks ago
High Rental Yield, Price Appreciation, Stable Growth, Make Sydney an Ideal Realty Investment Option: Haansal Estate
-
News3 weeks ago
KW Delhi 6 Mall Onboards New Brands
-
News3 weeks ago
Manasum Senior Living Launches IKIGAI GOA, A Senior Living Community in North Goa, in collaboration with Prescon Homes
-
News2 weeks ago
Godrej Properties Sells Rs 3k cr+ Homes of Godrej Zenith, Gurugram, within 3 days
-
News3 weeks ago
Bridging India Divide: Top 5 Tier- 2 Cities to Focus On
-
News3 weeks ago
Commercial Realty Gets Tech Savvy: Fast Construction, Enhanced Convenience
-
News3 weeks ago
Multipoint Connection – A Definite Boon
-
News2 weeks ago
RBI’s Status Quo on Key Policy Rates to Help Maintain the Real Estate Growth Momentum, Say Industry Stalwarts