{"id":150469,"date":"2024-10-09T10:45:14","date_gmt":"2024-10-09T10:45:14","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/10\/09\/rbi-misses-opportunity-to-boost-housing-demand-by-keeping-repo-rate-unchanged-credai-times-of-india\/"},"modified":"2024-10-09T10:45:14","modified_gmt":"2024-10-09T10:45:14","slug":"rbi-misses-opportunity-to-boost-housing-demand-by-keeping-repo-rate-unchanged-credai-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/10\/09\/rbi-misses-opportunity-to-boost-housing-demand-by-keeping-repo-rate-unchanged-credai-times-of-india\/","title":{"rendered":"RBI misses opportunity to boost housing demand by keeping repo rate unchanged: Credai &#8211; Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"400\" height=\"225\" src=\"https:\/\/i3.wp.com\/static.toiimg.com\/thumb\/msid-114077052,imgsize-875881,width-400,resizemode-4\/114077052.jpg?fit=400,225&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"RBI misses opportunity to boost housing demand by keeping repo rate unchanged: Credai &#8211; Times of India\" title=\"RBI misses opportunity to boost housing demand by keeping repo rate unchanged: Credai &#8211; Times of India\" \/><\/div><p> <br \/>\n<\/p>\n<div data-articlebody=\"1\">\n<div class=\"_s30J clearfix  \">\n<div class=\"MwN2O\">\n<div class=\"T22zO\">\n<section class=\"D3Wk1  clearfix id-r-component leadmedia undefined undefined  VtlfQ\" style=\"top:0px\">\n<div class=\"D3Wk1\" data-ua-type=\"1\" onclick=\"stpPgtnAndPrvntDefault(event)\">\n<div class=\"zPaFh\">\n<div class=\"wJnIp\"><\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div><\/div>\n<p>NEW DELHI: Realtors&#8217; apex body <!-- -->Credai<!-- --> on Wednesday said the <a href=\"https:\/\/timesofindia.indiatimes.com\/topic\/reserve-bank-of-india\" styleobj=\"[object Object]\" class=\"\" frmappuse=\"1\">RBI<\/a> should have cut key <!-- -->interest rates<!-- --> to boost <!-- -->housing demand<!-- --> during the current festive season and demanded that the apex bank must consider lowering the <a href=\"https:\/\/timesofindia.indiatimes.com\/topic\/repo-rate\" styleobj=\"[object Object]\" class=\"\" frmappuse=\"1\">repo rate<\/a> in the next meeting. The Reserve Bank of India (RBI) kept its key interest rate unchanged on Wednesday but took the first step towards a rate cut as it eased its relatively hawkish policy stance to &#8216;neutral&#8217;.<br \/>Credai National President Boman Irani said, &#8220;As RBI remains cautious regarding potential inflationary pressures, the central bank&#8217;s decision to keep the repo rate unchanged at 6.5 per cent &#8211; albeit with a revised neutral stance &#8211; seems somewhat like a missed opportunity, especially with the festive season around the corner&#8221;. <br \/>A rate cut at this juncture would have provided the ideal boost to accelerate consumer demand across industries, he added. <br \/>Irani expects the central bank to cut rates in the next quarter. <br \/>Realtors&#8217; body Naredco President G Hari Babu suggested that the RBI should consider reducing rates in the next MPC meeting. &#8220;This will further stimulate economic growth, increase housing demand, and boost investment in the real estate sector.&#8221;<\/div>\n<\/div>\n<p><script>\nvar _mfq = window._mfq || [];\n_mfq.push([\"setVariable\", \"toi_titan\", window.location.href]);\n!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) {\n      if (!isFBCampaignActive) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        if (f.fbq) return;\n        n = f.fbq = function() {\n          n.callMethod ? n.callMethod(...arguments) : n.queue.push(arguments);\n        };\n        if (!f._fbq) f._fbq = n;\n        n.push = n;\n        n.loaded = !0;\n        n.version = '2.0';\n        n.queue = [];\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/connect.facebook.net\/en_US\/fbevents.js', n, t, s);\n      fbq('init', '593671331875494');\n      fbq('track', 'PageView');\n    };\n    function loadGtagEvents(isGoogleCampaignActive) {\n      if (!isGoogleCampaignActive) {\n        return;\n      }\n      var id = document.getElementById('toi-plus-google-campaign');\n      if (id) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        t.id = 'toi-plus-google-campaign';\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/www.googletagmanager.com\/gtag\/js?id=AW-877820074', n, t, s);\n    };\n    function loadSurvicateJs(allowedSurvicateSections = []){\n      const section =  window.location.pathname.split('\/')[1]\n      const isHomePageAllowed = window.location.pathname === '\/' && allowedSurvicateSections.includes('homepage')\n      if(allowedSurvicateSections.includes(section) || isHomePageAllowed){\n        (function(w) {\n         function setAttributes() {\n                    var prime_user_status = window.isPrime ? 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The Reserve Bank of India (RBI) kept its key interest rate unchanged on [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":150470,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/static.toiimg.com\/thumb\/msid-114077052,imgsize-875881,width-400,resizemode-4\/114077052.jpg","fifu_image_alt":"","footnotes":""},"categories":[604],"tags":[1919,289,118923,189,7560,117051,273,3169,2166,14952,19143,3176,2126,24241,20766,272,17581],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/150469"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=150469"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/150469\/revisions"}],"predecessor-version":[{"id":150471,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/150469\/revisions\/150471"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/150470"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=150469"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=150469"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=150469"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}