RBI’s Monetary Policy - Repo Rates Untouched, NHB Gets Additional Infusion

Anuj Puri 06/08/2020 3
RBI’s Monetary Policy - Repo Rates Untouched, NHB Gets Additional Infusion

The RBI was expected to do all it can to keep the inflation rates reined in for the duration. 

However, the RBI announced several additional measures that will go on to accelerate the economy, enhance liquidity, improve flow of credit and deepen digital payment facilities, among others. Commendably, its allotment of INR 5,000 crore each to National Housing Bank and NABARD is a much-needed step for sectors including real estate reeling under the liquidity crisis. It will help infuse capital into the HFCs and eventually provide relief to developers battling liquidity issues in COVID-19 times.

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  • Jennifer Harmsworth

    The real estate sector is stale everywhere !

  • Danny Lobb

    Buyers can't afford a decent house

  • Eden Copeland

    Thanks for the info