In a time when the whole country is juggling with the old and new currency, RBI, in it’s fifth bi-monthly policy review for the year, today, kept the rates unchanged, falling against the expectations of the market, especially after demonetisation. Real estate sector in particular was in dire need of a rate cut as the sales had suddenly taken a sharp fall with the market not showing any signs of growth in near future. This being the last policy review for this calendar year, the first one post-demonetisation and second review by Dr. Urjit Patel; hopes were very high as a repo rate deduction was observed last time as well. Due to the demonetisation effect, secondary real estate market had taken a hard hit and the onus had completely fallen upon the primary market to perform and revive the realty sector. A rate cut at this buy phentermine online from mexico point of time could have provoked the end users to invest in the market and help it gain momentum. Although, banks are still to pass on the benefits of previous rate cuts to the consumers, a hope on which the market is still relying.
With today’s announcement in the monetary policy review, the Repo Rate remains unchanged at 6.25 percent, Reverse Repo Rate under the LAF at 5.75 percent, Statutory Liquidity Ratio (SLR) at 21.5 percent, Cash Reserve Ratio (CRR) at 4 percent and Marginal Standing Facility (MSF) at 6.75 percent respectively. After today’s no change in the monetary policy review, realty experts are projecting the growth graph to move uniformly with the end users playing the cards by reaping out the benefits of reduced EMIs and property prices. Investors market though stands in the mid-way with no such guarantee of returns looking, as the prices are at its bottom, country going cashless on higher denominations and not many signs of appreciation in the upcoming 6-9 months.