RBI drops rates

This is the good news for the people who want to build their houses with loans.

Yes.. I have heard that news yesterday.. That will be beneficial for those who having loan.

Yes.. I have heard that news yesterday.. That will be beneficial for those who having loan.

This is going to be bad news for me as the interests rates on my deposits will be lesser and reduce my earnings. I have no EMIs to pay.

While the industry and trade would heave a sigh of relief, the cut contemplated in the rates of fixed deposits with banks would disturb many!

Especially people like us who depend so much on the hard earned money deposited in Post offices and banks and can not risk it investing in non secured markets beyond a certain level.

Undoubtedly, reduction in interest besides adversely affecting retired persons depending on interest. Besides cheap credit will increase price rise.

Yes.. I have heard that news yesterday.. That will be beneficial for those who having loan.

This is going to be bad news for me as the interests rates on my deposits will be lesser and reduce my earnings. I have no EMIs to pay.

Sad to hear that Rayansh..

It look like this changes, have affected people in both ways..

Undoubtedly, reduction in interest besides adversely affecting retired persons depending on interest. Besides cheap credit will increase price rise.

True this would certainly increase the land and auto prices. Consumption of fuel will go further up and would affect overall economy.

It will effect the retired persons and small investor as the interest rate decreased by 0.5%.