Home buyers will be benefitted from RBI's rate cut decision, real estate is also happy - AskBihar24X7 - Bihar & Jharkhand News

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Thursday, August 03, 2017

Home buyers will be benefitted from RBI's rate cut decision, real estate is also happy

Reserve Bank of India (RBI) cut the repo rate by 25 basis points to 6 percent on Wednesday. Last time in November 2010, the repo rate was at 6 per cent level. Thus, in the last six and a half years this bank is the lowest level of rates. With this reduction in the repo rate, the loan given to housing, vehicles and companies is expected to be cheaper.


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