New Delhi, February 10, 2017: “We are a little disappointed that the Reserve Bank of India has not cut repo rates though we understand their position of keeping rate cuts on hold to assess impact of demonetization on inflation. A reduction in repo rate could have helped in bringing down home loan interest rates. The real estate sector could have benefitted with a rate cut. Banks may have passed on the rate cut to home loan borrowers. Nevertheless, considering that home loan rates are the lowest that they have been in six years, the status quo in repo rates will not hurt the real estate sector.”
Corporate Comm India(CCI Newswire)
