The Reserve Bank of India (RBI) uses the repo rate, the interest rate at which it lends to commercial banks, to control inflation.
Asian Development Bank plans Asia Pacific Infrastructure Fund to finance regional projects, focusing on debt in infrastructure projects and attracting regional and international investment.
The RBI's decision to raise policy rates will adversely impact the real estate sector, increasing property costs. Experts express caution about market reactions.
The Reserve Bank of India (RBI) directs National Building Organization (NBO) to launch a housing start-up index by March 2009 to monitor the impact of fiscal and monetary policies on the real estate sector.
The RBI may cut interest rates sooner and more aggressively than planned due to the Mumbai terror attacks and the economic slowdown. The attacks targeted key business hubs, impacting investor confidence. Analysts expect further rate cuts to counter the slowdown and bolster the economy.
HDFC Chairman Deepak Parekh states that lending rates will ease only after deposit rates decrease, amidst recent RBI repo rate cut.
RBI raises interest rates, impacting stock markets and real estate sector with significant index declines
Housing loan growth declines to 12% in 2008, while personal loan and real estate sector credit expansion slows down.
BPTP Ltd has requested an extension to pay the first installment for acquiring 94 acres in Noida due to a liquidity crunch amidst financial market turmoil.