New Delhi, August 06, 2019: We expect the RBI to reduce the key policy rate by 25 bps for the fourth consecutive time in the upcoming monetary policy review. The US Fed rate cut for the first time post the global financial crisis and the fiscal discipline shown in the Union Budget 2019-20 will most likely act as the stimulus, with the latter giving the RBI enough elbow room to bring down the rate. This rate cut will have a direct impact on the real estate sector, provided the banks, in turn, transmit the same by a corresponding reduction in lending rates to those seeking home loans.
Corporate Comm India (CCI Newswire)
