Clinchfield Crr


Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:"Times New Roman"; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin; mso-bidi-font-family:"Times New Roman"; mso-bidi-theme-font:minor-bidi;} The recent monetary policy review is aimed at curbing therising inflation rate. There is some good news forhomebuyers as this credit policy has left the key rates untouched, and theCRR hike will not push home loan rates up, says Ashish Gupta The Reserve Bank of India (RBI) hiked the cash reserve ratio(CRR) in the monetary policy review last week. Despite a more-than-expectedhike in the CRR, banks have, in general, ruled out any immediate hike inlending rates. According to bankers, there is abundant liquidity in the systemand they can absorb the increased cash reserve requirement. In order to tackle the rising inflation rate, the RBI hikedthe CRR (the amount banks have to park with the central bank) by 0.75 percentto 5.75 percent, but left the key rates untouched. The 75 basis points increasein the CRR to 5.75 percent is expected to draw out at least Rs 36,000 croresfrom the system. This move is mainly to check the food price inflation fromspreading to other sectors. The RBI said the CRR will be increased by 50 basispoints from February 13, and a further 25 basis points to 5.75 percent fromFebruary 27. The bank rate, used by banks to price long-term loans ,remains unchanged at six percent. According to a RBI estimate, the inflation rate is likely totouch 8.5 percent by this fiscal end from over seven percent in December lastyear. Earlier, in October last year, the RBI had projected the rate of pricerise to be around 6.5 percent by March 2010 end. According to analysts, therewon't be any immediate pressure on interest rates. While a 0.75 percent hike inthe CRR can put some upward pressure on short-term rates, long-term rates areunlikely to be affected in the near future. The RBI is unlikely to revise ratesbefore April if the inflation rate remains at around 8.5 percent. The RBI hasalready factored this into its inflation projection till March and is notlikely to take any mid-term action. In the January review of the monetarypolicy, the RBI increased the inflation forecast from the earlier projection of6.5 percent. The present RBI actions are targeting the abnormal rise in theinflation rate. However, given the credit off take level in the system, banksare unlikely to effect any increase in their loan rates in the near future. Thefact that interest rates have not been increased will continue to spur demand.As of today, banks are flush with funds. As a result, home loan interestrates are expected to remain steady in the coming months. Courtesy:- TOI dt:- 13-02-2010 For more informationregarding 4 bhk apartment,apartment in gurgaon, bedroom apartments , buy property in india, commercialcomplex in india, commercial real estate, commercial space in gurgaon, dealers,flats for sale, indian real estate investment, investment options in realestate, luxurious flats, malls, office space, office space in gurgaon, onlinereal estate, penthouses gurgaon, plots, property consultants, property ingurgaon, property india, property investment, real estate company, real estatedeveloper, real estate gurgaon, real estate in india, real estate investmentstrategies, real estate market, real estate news, real estate portals,realtors, realty, residence, residential real estate, sell property, shop,villas, Residential Apartment Visit           

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