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Home loan rate gets bit lower

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After a long duration of high inflation and higher rate of interest of the Banks, for the first time Reserve Bank of India is making a soft console for both money lenders and the buyers. According to the sources of www.propertykhazana.com, recently the Reserve Bank of India has made some relief norms in the case of both repo rates and cash reserve ratios to uplift the downing economy of the country.
Sources of www.propertykhazana.com also reveals that already many of the banks has made few deduction in loan rates for the benefit of the customers along with other protective measures to check the degrading heath of the economy. And now it is expected to go much more comfortable to attract the new and fresh consumers for various segments of loans in the near future with these corrected rates of interest. At the same time there are also some crucial factors which led the Reserve Bank of India to make certain changes in the monetary policy of the country.
The current phase of global economy is looming with many debts and liquidity has gone down to an unexpected point. Here by many international investments has withdrawn their hand from many of the domestic commodities to make up the cost of the companies. For the current fiscal year the foreign institutional investors has recorded a net sell of around 12 million US dollar which bit away from the last year’s record. As per the sources of www.propertykhazana.com it is estimated that the Reserve Bank will be making more rate cuts to shield the Indian economy from the global crisis soon with better packages and exemptions to both commercial and housing sectors. For latest realty updates follow us at www.propertykhazana.com.
Source: NBTVLIVE

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