RBI decision to reduce repo rate.

Q: Hi all..what do you think about the decision of RBI to reduce repo rate..??

Suresh Khanna, Mumbai

25th March 2013

Real estate News in Chennai

home loan

rbi

real estate developers

repo rate

Follow Discussion

Also see discussions for

Chennai Real estate News Real estate News in Chennai

Replies (2)

Which all financial institutions has already indicated a rate cut?

Arup rajan, Mumbai

10th March 2015

Comment

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,

10th March 2015

RBI has cut the repo rate by 25 basis points within a span of 50 days which has brought a cheer to the real estate sector. 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