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Tuesday, 28 January 2014

CREDAI expresses shock over increase in Repo Rate

Hyderabad, Jan 28 : The Confederation of Real Estate Developers’ Associations of India (CREDAI), the apex body for private real estate developers in India, expressed its concern over the RBI decision to increase the Repo Rates by 25 bps to 8% in the monetary policy review. The step was unexpected as the industry was expecting RBI to give precedence to growth over inflation especially as prices are trending downwards, core inflation is within the comfort zone. Read More