Rate cut Is Fine, it’s Prices that Matter

The central bank’s slashing rates would offer the existing borrower a marginal benefit. But for the real estate industry, it is only the right price point that can attract buyers You may not deal directly with the Reserve Bank, but what we do, touches your life every day,” says Governor D Subbarao in the advertisement commemorating the central bank’s 75th anniversary. There is one occasion where the central bank touches people’s lives to a greater degree and that is when it eases interest rates, which it did on Tuesday. After maintaining the status quo over the last nine months, it relented and cut the repo rate by 25 basis points

The central bank’s slashing rates would offer the existing borrower a marginal benefit. But for the real estate industry, it is only the right price point that can attract buyers You may not deal directly with the Reserve Bank, but what we do, touches your life every day,” says Governor D Subbarao in the advertisement commemorating the central bank’s 75th anniversary. There is one occasion where the central bank touches people’s lives to a greater degree and that is when it eases interest rates, which it did on Tuesday. After maintaining the status quo over the last nine months, it relented and cut the repo rate by 25 basis points

[via India Properties – Real Estate India – Indian Property News Site]

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