The Reserve Bank of India's Monetary Policy Committee (MPC) is set to announce its policy decision today after a three-day meeting. Following the February rate cut of 25 basis points- the first in nearly five years - experts anticipate another similar reduction in the repo rate.

A lower repo rate makes borrowing cheaper for banks, and if this benefit is passed on to consumers, home loans could become more affordable. This would be a welcome relief for homebuyers facing high EMIs and rising property prices. Analysts believe this move could boost demand in the housing market, especially in mid-range and luxury segments. It would also reduce borrowing costs for builders, encouraging new projects.

However, the key lies in how quickly banks respond to the policy change. With inflation cooling and economic growth still sluggish, a rate cut appears likely as the RBI aims to stimulate investment and support key sectors like housing and real estate.