Quote on RBI Lowers Repo Rate and Cash Reserve Ratio to Support Economy and Boost Housing Demand by Mr. Raoul Kapoor, Co-CEO, Andromeda Sales and Distribution Pvt Ltd
Below the Quote on RBI Lowers Repo Rate and Cash Reserve Ratio to Support Economy and Boost Housing Demand by Mr. Raoul Kapoor, Co-CEO, Andromeda Sales and Distribution Pvt Ltd
"There was strong anticipation in the market that the RBI would opt for a 50 basis point rate cut in this policy review—and the central bank delivered exactly that. With this move, the total repo rate reduction for the calendar year now stands at 100 basis points, which is quite significant in the current economic context. This cumulative easing is expected to bring considerable relief to retail loan borrowers, particularly those with large-ticket loans such as home loans, where even small reductions in interest rates can translate into meaningful savings over time."
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