Powered by: Motilal Oswal
12-08-2021 11:19 AM | Source: ANAROCK Property Consultants Pvt Ltd
Quote on Unchanged Repo Rate Positive for Home Loan Borrowers By Anuj Puri, ANAROCK Group
News By Tags | #4360 #4359 #248 #607 #126

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

Below is quote on Unchanged Repo Rate Positive for Home Loan Borrowers by Anuj Puri, Chairman - ANAROCK Group

With Omicron throwing a shadow of doubt across the world and in India, the RBI has decided to keep the repo rates unchanged at 4% and reverse repo rate at 3.35%. This was expected, and is the ninth consecutive time that the RBI maintained status quo amid current uncertainties.

The unchanged repo rates will help maintain status quo on the prevailing low interest rate regime for some more time. This works well for all home loan borrowers as the environment of affordability will continue.

 

Above views are of the author and not of the website kindly read disclaimer