APN News

  • Thursday, July, 2020| Today's Market | Current Time: 05:43:04
  • RBI Repo Rate | Quote By Mr. Farshid Cooper, MD, Spenta Corporation

    Published on March 27, 2020

    ” We are optimistic about the measures taken by the Reserve Bank of India to reduce the impact of the COVID-19 on the economy. The revised repo rate of 4.40% will benefit a large segment of business and taxpayers along with an expected infusion of liquidity to the tune of Rs 2.8 lakh crore via various instruments which will be equal to 1.4 percent of GDP. The 3-month moratorium on the EMI’s is set to be a big relief for borrowers and they can also safeguard their credit score. The realty sector has been observing a slowdown with limited sales and new launches; however, we remain optimistic that these bold decisions by the Government and the RBI will ease the financial stress on the economy and help us as a country come out of this stronger.”

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