How RBI’s Pause is Boosting Confidence in India’s Real Estate Sector and Driving Stock Prices Up
Following the RBI’s surprise pause in rate hikes on Thursday, Indian stock markets recovered from early losses. The repo rate was kept unchanged at 6.50%, contrary to wide expectations for a 25 basis point increase. RBI governor Shaktikanta Das said, “The MPC (Monetary Policy Committee) unanimously decided to keep the repo rate unchanged at 6.50%