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interest on home loans

RBI’s CRR cut expected to make home loans cheaper

RBI’s CRR cut expected to make home loans cheaper
Reserve Bank of India has announced a cut in the cash reserve ratio (CRR) by a quarter of a percentage point (25 basis points) to 4.5% in its policy review meeting. With the announcement, home and auto loans will gradually become cheaper over the next few months. However, the RBI disappointed industry by leaving repo [...] Continue Reading »

Increase in Repo Rate affected the Property Markets in Pune

Increase in Repo Rate affected the Property Markets in Pune
Real estate is the second largest employment generating sector, which will be hit by the decision to increase repo rate by the Reserve Bank of India for the third time since May this year. Out of total price of a flat, some 36% amount goes as tax to the government. Since March 2010, the RBI [...] Continue Reading »



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