CREDAI President Mr. Boman Irani has said that RBI's decision to maintain repo rate at 6.5% is a positive sign for the housing sector, as the decision will help sustain the ongoing momentum in both housing supply and demand.

He also noted that with inflation at an 18-month low, there is scope for the RBI to reduce repo rates in the upcoming MPC meetings, which would further stimulate growth across all industries.

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