In the bi-monthly policy review, The Reserve Bank of India has decided to maintain the status quo by making no changes in the key rates. Statuary Liquidity Ratio (SLR) and Cash Reserve Ratio are left unchanged by Dr. Urjit Patel, RBI Governor, in the fifth monetary policy review of the financial year and the last for the calendar year 2017. By this it is clear that RePo rate is same as before i.e. 6%, Reverse RePo rate is 5.75%, Marginal Standing Facility (MSF) IS 6.25%, CRR is 4% and SLR is 20%.
Looking at the market dynamics, we were projecting the RBI to maintain the status quo. Any reduction in lending rate allows the sentiments in real estate to improve as the net cost on the buyer for the housing unit gets decreased but with the market inflation touching its projected limit for the financial year already, it is appreciative on part of the apex bank to keep the rates on hold as it will give the market more time to stabilise and allow inflation rates to come down in eventually.