After the third bi-monthly policy review by the Monetary Policy Committee, led by The Reserve Bank of India Governor Shaktikanta Das, RBI has cut its benchmark repo rate by 35 basis points. The announcement was made on August 7, 2019. It was expected that the cut in repo rate will result in lower EMIs for home buyers, and as State Bank of India cuts lending rates today, August 8, 2019, the expectation is met.
Let's hear it out from real-estate stalwarts how the slash in repo rate will benefit the realty sector by enabling more people to buy homes.
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