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Real estate industry expects banks to pass on rate cut benefits - Zint Design
The apex bank on Wednesday cut interest rate by a rare 35 bps, the fourth successive reduction, to a nine-year low, in an attempt to boost an economy growing at its slowest pace in nearly five years. Even as the real estate industry welcomed RBI’s decision to cut repo rates by 35 basis points, experts feel the growth of the sector will depend on proportional transmission of rate cuts to the end-consumer. The apex bank on Wednesday cut interest rate by a rare 35 bps, the fourth successive reduction, to a nine-year low, in an attempt to boost an economy growing