Rate cut to spur residential demand, lower home loan rates: Industry

IANS | February 7, 2025 11:24 AM

New Delhi, Feb 7 (IANS) The real estate industry on Friday welcomed the much-awaited benchmark rate cut of 25bps by the Reserve Bank of India (RBI), saying lowered interest rates will further nudge homebuyers to buy an ownership home with an upgraded lifestyle.

RBI raises real GDP growth forecast to 6.7 pc for 2025-26

IANS | February 7, 2025 11:22 AM

Mumbai, Feb 7 (IANS) The Reserve Bank of India (RBI) on Friday raised the country’s real GDP growth forecast to real GDP growth for 2025-26 to 6.7 per cent, as it expects a robust rabi crop output and an expected recovery in industrial activity to support economic growth going ahead.