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As written in my yesterday’s email RBI (Reserve Bank of India) did not change much the Repo Rate – just cut the repo rate by 0.25 per cent on Tuesday, while keeping the Cash Reserve Ratio (CRR) unchanged.
Nifty down by just 0.25%, like yesterday it was up by 0.25%.
Like I said even if RBI cuts the Repo Rate by 25 basis points which is 0.25% there will not be much movement or impact in the Indian Markets. The same happened.
Earlier the Repo Rate was 6.5%, now after the reduction the Repo Rate is 6.25%.
What impact it may have?
Loan rates will come down to a very small extend.
Fixed Deposit rates will be the first to get effected, then home loan rates and personal loan rates. Car loan rates may also come down a bit.
But all this will take some time so lets wait and watch for the news.
If there is anything major I will inform you.
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