Housing Loan Interest may come down..!

“U” Turn in Interest Rates..!

Housing Loan Interest may come down

Every employee is expecting the rate of interest for Housing Loan will be reduce
and EMI will stop at this level.

RBI CUTS CRR & SLR BY 1%
RBI CUTS CRR & SLR BY 1% EACH Banks allowed access to special refinance at STEPS & IMPACT
7.5% for 90 days and borrow against gilts for onlending to finance companies.

The Reverse Bank of India (RBI) may consider cutting its lending rate further, following a dip in
inflation which will all but neutralize the effect of the Fed rate cut in India.

The rupee’s movement has been highly volatile over the past few weeks. The rupee has lost over
21% against the dollar in the year and touched a record low of 50.29 last week.

There is a strong possibility of a rate cut in India as well. Infaltion has started coming down and
at the same time, Cash conditions seem to be going through a strain again, because of the
constant intervention by RBI in the forex market.
Whether the situation will result in a cut in the repo rate or CRR remains to be seen…!