RBI Cuts Repo Rate 75 Basis Points to 5.50% Boosting Real Estate and Insurance Sectors
Key Points
- RBI slashes repo rate by 75 basis points to 5.50%, making bo...
The Reserve Bank of India just delivered what traders like to call a "monetary gift basket" - slashing the repo rate by a hefty 75 basis points to 5.50% and cutting the Cash Reserve Ratio along with it. Translation for those who don't speak central banker: borrowing money just got cheaper, and some sectors are about to throw a proper celebration.
Real Estate's New Best Friend
Godrej Properties Ltd (GPL) is sitting prettier than a penthouse view right now. With borrowing costs dropping faster than property prices during a market crash (but in a good way this time), home loans are suddenly...
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