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

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

Much along the expected lines, the RBI kept repo rate untouched at 4% and reverse repo rate at 3.35% amid a recent rise in retail consumer prices.

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.

Share this article

Leave your comments

Post comment as a guest

0
terms and condition.
  • Jennifer Harmsworth

    The real estate sector is stale everywhere !

  • Danny Lobb

    Buyers can't afford a decent house

  • Eden Copeland

    Thanks for the info

Share this article

Anuj Puri

Real Estate Expert

Anuj Puri, Chairman of ANAROCK Group is a highly respected industry authority and thought leader with 30 years' experience in leveraging Indian and global real estate opportunities. His company ANAROCK has a staff complement of over 1800 qualified and experienced professional, with offices in all major markets in the country, dedicated services in Dubai and a global footprint with over 80,000 preferred channel partners.

   

Latest Articles

View all
  • Science
  • Technology
  • Companies
  • Environment
  • Global Economy
  • Finance
  • Politics
  • Society