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RBI's rate cut may encourage housing demand in Mumbai.
Q: Hey, Have you heard about the RBI's second rate cut?

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interest rate
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Latest Answer: @Shantanu, For the moment, bankers across the board welcomed the rate cut move, which comes within days of the Budget'15 and an agreement being reached between RBI and the government over inflation targeting. Private sector lender Yes Bank's Rana Kapoor said he expects cuts of 1.50% more this fiscal which will help boost the sentiment and re-ignite investments. Similarly, Bank of Maharashtra's Executive Director R K Gupta said the rate cut shows the central bank's comfort about the quality of fiscal consolidation and is positive for growth.
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Union Bank and United Bank cut landing rates, others expected to follow soon.
Q: Within hours of rate cut announced by RBI, United Bank and Union Bank have reduced the benchmark lending rates by 0.25 % and 0.5 % respectively.

rbi
rbi repo rates
rbi rate cut
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Latest Answer: But RBI has to be careful of the inflation expectations if growth picks up while the savers also need to be provided with sufficient real returns for the savings rate in India to rise and reduce confidence on foreign money for growth.
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Three reasons why RBI governor cut repo rate by 25 bps.
Q: A move in Repo Rate cut that brought huge cheer to the markets.

inflation
rbi
rbi repo rates
repo rate cut
central bank
rbi governor raghuram rajan
fiscal deficit
consumer price index
Latest Answer: The 5th bi-monthly monetary policy statement also stated that once the monetary policy pattern shifts, following policy actions will be consistent with this pattern. Key to further relief are data that confirm continuing reduction in the rate of inflation pressures.
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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?

rbi repo rates
indian properties
banks
Latest Answer: 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.
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