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Quote on RBI’s Credit Policy: CRR and repo rates slashed by 0.25%

Quote on RBI’s Credit Policy: CRR and repo rates slashed by 0.25%

Finally, we have the rate cut (start of the series of cuts that hopefully will follow over several quarters, influenced by the overall inflation situation and the economy's need to perk up growth rates) which coupled with the lower CRR should provide great relief to Real Estate industry reeling for quite some time now under the burden of huge debts on one side and poor cash flows caused by slowdown in sales.