RBI Repo Rate Announcement | Commentary by CBR
“RBI’s maintenance of
an accommodative stance will help sustain homebuyer sentiments which
were strengthening pre-second wave. Despite the present disruption, Real
Estate has been
one of the most resilient industries even amidst the pandemic and has
been showing signs of recovery over the last few quarters. With the repo
rate and reverse repo rate being maintained at a status quo of 4% and
3.35% respectively, banks and NBFCs will continue
to render loans at reduced rates to homebuyers, thus supporting demand
in the realty sector.
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