The Reserve Bank of India has given its verdict over key policy rates. In order to bring stability to economy RBI Governor, Raghuram Rajan didn’t allow ant change to key policy rates. These predefined rates are speculated to bring the GDP growth rate of 7.5% and inflation target of 5% for the year 2016-17.
Reacting to this Mr. Pawan Jasuja Director of Finlace Consulting has stated that keeping key policy rates unchanged is a sensible action to bring down the interest rate for home loan. But, it is also important to keep an eye weather banks are passing the profits to home buyers or not. Real estate sector being a prominent partner in stimulating GDP growth is definitely going to render positive outcomes to the economy.
Source : http://www.99acres.com/articles/repo-rates-unchanged-industry-welcomes-rbi-move.html