Reserve Bank Of India

Real Estate Gets Double Dose Of Happiness, Hails RBI’s Repo Rate Cut After Budget Bonanza

In an unexpected move, at least the market experts would agree to it, the Reserve Bank of India today cut the key Repo Rate by 25 bps, bringing it down to 6.25 percent. RBI was doing the 6th bimonthly monetary policy review, and first under its new Governor Shaktikanta Das, who replaced Uriji Patel a...Read More

RBI Keeps Repo Rate Unchanged, Real Estate Sector Delighted – RealtyMyths

And the rates are unchanged! The Reserve Bank of India (RBI), at its monetary policy review meeting held today, kept the repo rate unchanged to 6.5%. RBI also lowered the inflation projection to 2.7-3.2% from 3.9-4.5% for the second half of 2018-19. The Monitory Policy Committee (MPC) suggested reaso...Read More

RealtyMyths Weekly News Roundup

Welcome once again to RealtyMyths Weekly News Round-Up. Let’s jump into the pool of updates of the real estate sector that took place in the very first week of October! Starting with the blessing in disguise. The falling rupee is turning out to be an opportune situation for the NRIs to invest in the ...Read More

Checklist for NRIs Buying Property in India

by Anushree Ghosh, In the past few years, the drop in the Indian currency has made it cheaper for the Resident of India (NRIs) to invest in the country. The NRIs always found the Indian market lucrative and fruitful in multiple aspects. Due to the high rate of returns, emotional affinity towards one’...Read More

RBI’s monetary policy: Raised repo rates by 25 bps to 6.5 percent

The Reserve Bank of India (RBI) headed by Governor Urjit Patel on Wednesday announced a second straight 25 basis points hike in repo rate to 6.5 per cent. For the second time in two months, RBI raised the interest rate on inflationary concerns. Repo rate is the key rate at which the RBI lends short-t...Read More

RATES UNCHANGED AHEAD OF UNION BUDGET 2016 – 17

The Reserve Bank of India in its first Bi-monthly monetary policy meeting of 2016 maintained status quo on key policy rates. The repo rate remained unchanged at 6.75% and CRR remained unchanged at 4%. The Union Budget is an eagerly-awaited annual event which Indians follow closely, as the decisions a...Read More

The Challenge of Tackling Unaffordability in Indian Metros

As all metro cities continue to expand in India, the cost of housing in their matured and well-developed areas also continues to go north.According to the Reserve Bank of India’s (RBI) definition, ticket sizes up to INR 65 lakhs in metros and up to INR 50 lakhs in non-metros are categorized as ‘affor...Read More

Rate Cut or Status Quo, Raghuram’s Dilemma

Santosh Sinha/RealtyMyths The real estate sector, in particular, is looking at the governor with eyes wide open. The sector is already reeling under tremendous pressure. The sluggish demand coupled with costlier loans has broken developers’ confidence. Investors too, are shying away. Though the recen...Read More

ANOTHER RATE CUT BY RBI BRINGS JOY IN THE SECTOR

Fulfilling and following its promise of a rate cut cycle for this year, the Reserve Bank Of India (RBI) provided a much needed relief to the public and the sector by announcing a 25 basis point reduction in the key rate. This drop in the repo rate by RBI is its third slash for this year. RBI had star...Read More

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