The third time rate cut in the year is definitely in line with the expectation of the market. Government is trying to create new pathways for growth and this policy announcement will provide the much needed stimulus to the economy only if benefits of the same are passed by the bank to the consumers, as suggested by RBI Governor.

Jun 15 2015 | Industry View

View of Prabhat Ranjan, on RBI monetary policy review...

Prabhat Ranjan, CMD, Olympeo Infrastructure Pvt. Ltd
´The third time rate cut in the year is definitely in line with the expectation of the market. Government is trying to create new pathways for growth and this policy announcement will provide the much needed stimulus to the economy only if benefits of the same are passed by the bank to the consumers, as suggested by RBI Governor. With this rate cut, home loans may get cheaper resulting in reduced EMIs and raised affordability levels.´

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