Stability Amid Uncertainty: RBI Keeps Repo Rate Unchanged

The Reserve Bank of India's decision to maintain the repo rate at 5.5% comes as welcome news, especially for the housing market, which is expected to gain momentum with the upcoming festive season. Expert Anshuman Magazine remarked that this move signals stability and long-term predictability for developers and homebuyers.

Chief Economist Samantak Das described the decision as a 'wait-and-watch' strategy, conveying confidence in the economy's resilience. The stable rates are seen as a support for organic growth, steering clear of over-dependence on monetary easing.

In contrast, Anuj Puri of ANAROCK Group expressed concerns about the real estate sector's struggles, citing a significant drop in housing sales across top metros and new tariffs impacting sentiment. While a rate cut might have aided affordable housing, the decision offers strategic flexibility to tackle shifting global and domestic economic dynamics.

Economist Arsh Mogre highlighted that future easing measures will depend on trade developments, domestic demand, and the rupee's movement. Today's decision maintains credibility and readiness for action, reflecting the uncertain global economic environment.

(With inputs from agencies.)