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Real Estate Forum on Rbi Reduced Repo Rate

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Q: This decision of the RBI to reduce repo rate will significantly provide policy support to the real economy and help in the recovery process.
Latest Answer: It is really a good move by the RBI. SBI slashed its lending rate by 0.40% within a couple of hours of rate cut by the Reserve Bank of India. The largest private sector lender ICICI Bank also hinted at cutting its base rate by at least 0.25%. It clearly shows that interest rates will come down, base rates will come down. A large part of the cut will get transmitted.
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