Reserve bank of india cuts repo rate

 
BANGALORE, India - March 25, 2013 - PRLog -- The Reserve Bank of India (RBI) brought down the repo rate (the rate at which banks borrow funds from the RBI) by 25 basis percentage points on Tuesday in its midterm Credit Policy review. The repo rate is now 7.50 percent. The RBI retained the cash reserve ratio (the percentage of funds banks need to park with the RBI) at four percent.
   This move was on expected lines. In fact, many believed the cash reserve ratio too would be brought down again to infuse more liquidity into the banking system. With the inflation rate showing a downtrend, and a moderating growth rate, there was strong demand for a more pro-growth policy. The RBI too has been taking measured steps towards bringing down the key policy rates and infusing more liquidity into the banking system, in order to bring down the cost of funds for prospective borrowers.
   The expectations are that in the annual Credit Policy meet in May, the RBI will continue this trend and bring down the policy rate further. In the coming financial year, banks are expected to begin a more aggressive home loan marketing campaign given the growing demand for housing and increasing liquidity in the system.
   For homebuyers, the rising costs of construction and increasing land prices are factors pushing for early purchase.So in this time Greater Bangalore Estates are offering homes with best affordable prices .Greater Bangalore Eco Assets Pvt Ltd, formerly Greater Bangalore Estates, one of the top builders and developers in Bangalore (http://www.greaterbangalore.com/buildersanddevelopers_lan...), established in 1996. We are pioneers in promoting and developing residential properties in Bangalore, land for sale in hosur (http://www.greaterbangalore.com/lakedew_landforsaleinhosu...) and its periphery. With a team of expert consultants and associates who possess technical depth, ethical standards and integrated expertise, we have succeeded in fulfilling the customers' need for high appreciating properties with timely deliverables, while maintaining the finest standards of business practices in all its endeavors. The sooner one plans to buy property the better it will work out financially in these conditions over a period of time. While subsequent easing in the monetary policy will certainly help, interest rates have begun a downtrend and this is a good time to capitalise on it.
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