RBI- Repo rate cut

Q: Hi, heard that RBI has once again reduced repo rates. How much rate is decreased and what is its effect on real estate?

Lalit Verma, Mumbai

20th March 2013

Real estate News in Mumbai

home loan interest rates

rbi

real estate

repo rate cut

Follow Discussion

Also see discussions for

Mumbai Real estate News Real estate News in Mumbai

Replies (5)

Hi all..i think..these policies are very restrictive to make housing affordable for the masses. The repo rate can be reduced more..

Rakshit, Mumbai

25th March 2013

Comment

Yes Suresh...This move is expected to result in reduction in home loan interest rates for buyers and developers. Thus, the real estate housing demand among end users and investors would increase leading towards the development of real estate in India.

Abhishek,

25th March 2013

Comment

Hi Suresh..Reverse Repo Rate has reached 6.50 percent and the Bank Rate to 8.50 per cent. The Cash Reserve Ratio (CRR) has been retained at 4 per cent.

Ravindra Singh,

24th March 2013

Comment

Hi Ravinder.This reduction will surely help buyers and developers..what about the reverse repo rate and the Cash Reserve Ratio..??

Suresh,

24th March 2013

Comment

Hi Lalit..yeah it is the second time in 2913...Reserve Bank of India has announced the second Repo Rate cut by 0.25 percent to 7.50 percent. Earlier it was 7.75 percent.

Ravindra Singh,

24th March 2013

Comment