Tanuj Shori on the Recent Interest Rate Reduction by RBI
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The country’s central bank – Reserve Bank of India – has cut interest rates for the fourth time in a row. The repo rate cut has been cut by 35 basis points and now stands at 5.4% – the lowest since April 2010. With this, the RBI has reduced interest rates by 110 bps since the start of the year. But, is it time to rejoice already?
“In the past, despite rate cuts like these, home loan interest rates remained sticky as deposit rates for banks remained high,” points out Tanuj Shori, Founder and CEO, Square Yards and Square Capital.
Read more to get an insight into what more the Real Estate leader – Mr. Tanuj Shori – has to say.