Will RBI's repo rate affect whole India?

Q: RBI has announced the rate cut in Repo rate. Will it be effective throughout the county?

raj, Ludhiana

23rd April 2012

Other in Bangalore

rbi repo rates

indian properties

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Replies (6)

Cut in Repo rate will bring down home loan EMIs. This is definitely going to ease the burden of home buyers and create a positive traction in demand for housing.

Amarnath, Bangalore

10th March 2015

Comment

Thanks for the updated information. Any idea which all banks are have reduced the base points?

Gurmeet,

11th March 2015

As RBI cut the repo rate recently, hence all banks reduced its base point as per norms. In my knowledge, United Bank of India has announced a 25 basis points drop in its base rate. Right now the base interest rate stands at 10%.

Other banks like State Bank of India (SBI) and HDFC Bank has already indicated a rate cut. Some more banks are also planning to cut the repo rate, it is expected that home- and auto-loans will get cheaper.

Balwinder Singh,

11th March 2015

Yes raj.... This progressive change is expected all over the country.

anwarlaskar36,

25th April 2012

Comment

And the home-seekers are expected to be attracted with the new rate policies.

emina.dsouza,

25th April 2012

Comment

The builders are expecting a rise in demand of apartments in Indore as the home loan interest likely to be cheaper.

vishalrao83,

25th April 2012

Comment

Indore's big players of real estate are highly motivated.

anuradha, Kolkata

25th April 2012

Comment

The new pricing policy is being supported by the builders from all over the country. The builders of Indore are also hoping for a better future for their projects.

emina.dsouza,

23rd April 2012

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