NEW DELHI, April 1 -- After cutting policy rates five times in the past one year, the RBI had been on a pause since December in view of high inflation. But as per the need of the hour, this time RBI has reduced the rate cut by 75 basis points which is the biggest repo rate cut till date to boost the liquidity at this time of crisis. The RBI has cut repo rate to 4.4 per cent and reverse repo rate by 90 bps to 4 per cent.
To keep the economy of the country from sinking at the time of global pandemic when the whole world is struggling, the government is striving to keep their people safe along with keeping the economies afloat. With this RBI's announcement, realtors believe it will boost the liquidity in the sector.
Commenting on the rate cu...