India, June 6 -- Real estate industry bodies CREDAI and NAREDCO on Friday hailed the RBI's decision to keep repo rate unchanged despite inflationary concerns, saying a stable interest rate regime would help sustain housing demand.

On Friday, the Reserve Bank of India (RBI) kept its benchmark repo rate unchanged at 5.25 per cent, and announced a raft of measures to attract foreign capital and support the rupee.

CREDAI President Shekhar G Patel said the RBI policy indicates a calibrated response amidst the current global economic environment, while NAREDCO President Parveen Jain described it as a positive development for both the economy and the real estate sector.

"With geopolitical tensions, inflationary concerns, and currency volatili...