India, March 5 -- With the RBI lowering the repo rate by 25 basis points, home loan borrowers stand to benefit from reduced EMIs, making homeownership more affordable
Any time is a good time when it comes to buying a home. However, the recent repo rate cuts signal a lowering of interest rates in the future, thus, hinting at a possibly more stable economy and increased scope for real-estate investment. Home buyers in India are wondering whether they should consider purchasing a home following the recent repo rate cuts by the Reserve Bank of India (RBI).
The country's central bank recently lowered the repo rates by 25 bps from 6.5 per cent to 6.25 per cent.
This marks the first rate cut in five years by the Monetary Policy Committee (MPC...
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