Reliobrix Consulting   Owner
Considering the political and international turmoil happening all around, the RBI was likely to keep the key rates unchanged but amid varied speculations, the apex bank has finally laid rest to the expectations by cutting the repo rate by 25 basis points in it’s latest policy review. The new repo rate now stands at 6.25 percent from the previous 6.50 percent. Reverse repo rate is now at 5.75 percent; Cash Reserve Ratio (CRR) at 4 percent and Statutory Liquidity Ratio (SLR) at 21.5 percent respectively, remains unchanged. This rate cut coming during the festive season is sure to boost sentiments both among lenders and borrowers because this benefit if passed well to the buyers is sure to provide cushion to all. This also happens to be the first monetary review policy by the newly appointed RBI Governor, Urjit Patel, and this rate cut will allow the realty sector in the country to blossom during the festive season.
Oct 10th 2016 06:07