Repo Rate and Banks

Repo rates were slashed by another 100 Basis points and it is now hovering around 8%percent and much needed relief has come to Banks to have more liquidity to carry out Mutual Fund disbursements and give out Home Loans as the

More fiscal and monetary relaxation should be coming as the Rupee is depreciating and Markets are finding new bottoms and are on the verge of capitulation. Home Loan Rates are quite expensive and its out of reach of middle class, if one were to opt for a 20 year loan he has to pay a huge interest rate of 12 to 13 percent.

When the Oil seems to go down to 70 or so and the cool off is happening also at the inflation front, it is imperative that FM and RBI slashes SLR too and make the banks in check and make them responsible for bringing down the interest rates on HOME LOANS. Cheer would return on the faces of REALTORS as well as HOME BUYERS who are petrified by the way Markets are deteriorating and REALTY hammered like a SIXER
from Sachin's bat.

All is not well in Market front and the World Markets are still in jitters as to what will happen in the next quarter post Bush's proclaimed CAMP DAVID summit and G8 Leaders who have vowed to tighten BAILOUTS and seek stringent monetary and economic measures especially with MORTGAGE LENDING and Banks.

WAITING FOR CAMP DAVID TO HAPPEN AND EXPECT RELIEF RETURNN TO WORLD MARKETS WITH ACTIVE PARTICIPATION FROM INDIA AND CHINA.

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