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RBI takes Stabilised Approach against rate cut

Q: The RBI kept rates unchanged in its last bi-monthly policy review for the calendar year.
Reply

Replies (3)
1
Right Tamal,
Even though, with inflation rate maintaining a decent fall on the graph, it will be important for RBI to monitor the activities and leave scope for future rate cuts open that will lead to a positive impact on the economy and realty sector. People are really happy with this decision and no negative feedback or comment on any site.
Mohajit


This move is really a good move because the repo rate has a direct impact on the home loans. A hike in this rate would mean that anyone who has taken a home loan will have to pay more. On the contrary a cut in the same lowers the burden on the home loan takers.
Sishir,  
3rd December 2015


2
Hi folka,
I think its a good move by RBI and no need of rate change at present. With the 7th pay commissions plan of 23.55% hike in salaries making rounds, it was extremely crucial on RBIs behalf to come out with a no-change review keeping in mind its anxieties on the inflation rate in future. Accordingly, RBI might have to follow a suitable budgetary tightening approach to reduce its impact on the economy.
Tamal


It is right that the apex bank has used a steady approach this time looking at how inflation has been performing. The inflation rate has been constantly looking at a downward course and pretty much on the move to reach the 6% targeted number by next month. Thus, next policy review might present the country with good news if inflation and fiscal deficit are kept under check.
Sishir,  
3rd December 2015


The banks are still to pass on these benefits to the customers in comparison to repo rate reductions by RBI till date, Thus, giving the RBI reasons to hold back. If the commodity prices, including food and oil are kept under leash, rate reduction in next policy review is sure to follow.
Tamal,  Noida
3rd December 2015


3
Yes, the key Repo Rate remains at 6.75%, Reverse Repo Rate at 5.75%, Cash Reserve Ratio at 4% and Statutory Liquidity Ratio at 21.5% respectively. Since its first policy review for this year back in January, the apex bank had reduced the key rate by 125 basis points or 1.25% allowing a significant room for the banks to reduce lending rates for the buyers.
Sishir


Right Sishir,
Even RBI’s rate reduction by 50 basis points in its previous policy review in September coupled with early signs of economic recovery and inflation following a well-directed downward route, this is a much balanced and expected review decision. This recovery path, if gets followed, we might witness a rate cut in the next policy review.
Jackie,  
3rd December 2015


4

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