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Gurugram realty developers have lauded RBI measures to inject liquidity into the Indian economy. The Reserve Bank of India today slashed the repo rate by 75 bps to 4.4 percent and reduced the reverse repo rate by 90 bps to 4 percent. Moreover, it has allowed a moratorium on all loans and deferment in interest payment on these loans for three months. Developers have, however, argued that much will hinge on whether the banks pass on these benefits to customers
Gurugram realty developers have lauded RBI measures to inject liquidity into the Indian economy. The Reserve Bank of India today slashed the repo rate by 75 bps to 4.4 percent and reduced the reverse repo rate by 90 bps to 4 percent. Moreover, it has allowed a moratorium on all loans and deferment ... (more)
Mar 28, 2020 16:48 IST
Pioneer Urban Land and Infrastructure Ltd.
