MUMBAI (Reuters) - India’s cash-starved residential real estate market is set to get a boost from foreign and domestic private equity firms, which are lining up big bets worth hundreds of millions of dollars for the sector. FILE PHOTO: A worker pushes a wheelbarrow to collect cement at a construction site of a residential building in Mumbai, India, August 31, 2018. REUTERS/Francis Mascarenhas/File Photo The domestic residential real estate space has been in a rut for years with failed and...

MUMBAI (Reuters) - India’s central bank kept interest rates unchanged on Wednesday, in a decision that was widely expected as inflation has eased significantly, while it took steps to persuade banks to lend more in order to support an economy that has lost some momentum. The Reserve Bank of India (RBI) Governor Urjit Patel arrives to attend a news conference after a monetary policy review in Mumbai, India, December 5, 2018. REUTERS/Francis Mascarenhas “The time is apposite to further...

MUMBAI (Reuters) - The Reserve Bank of India raised interest rates for the second straight meeting on Wednesday, but retained its “neutral” stance as it aimed to contain inflation while not choking growth. The Reserve Bank of India (RBI) Governor Urjit Patel attends a news conference after a monetary policy review in Mumbai, India, August 1, 2018. REUTERS/Francis Mascarenhas The RBI’s Monetary Policy Committee (MPC) raised the repo rate INREPO=ECI by 25 basis points to 6.50 percent. It is the...