The government had revised the interest rates on small savings with effect from April 1, which has now been rolled back.
Shishir Baijal, CMD, Knight Frank India, said, “While prime property prices have stayed stable in the past five years, the relative stability of the Indian Rupee still allows investors and end users to buy more prime real estate in India today, compared to 2015.”
The rupee opened weak at 71.39 at the interbank forex market and then fell further to 71.47, down 19 paise over its last close.
The Fed, as expected, made no change to interest rates after cutting the last three meetings in an effort to maintain solid economic growth.
Central banks around the world have been loosening policy to counter the risks of low inflation and recession.
Forex traders said market investors were optimistic about cut in interest rates by the US Federal Reserve following below-par US jobs data.
Hyderabad was the most affordable housing market in 2018, followed by Kolkata and Pune, the consultant said in its annual Home Purchase Affordability Index (JLL HPAI) launched on Wednesday
Hyderabad: Aadhar Housing Finance (AHF), which is into lending small loans in the housing segment, is hoping to disburse Rs 800 crore in Telangana...
State Bank of India reduced marginal cost of funds based lending rate (MCLR) by 0.9 per cent from 8.90 per cent to 8 per cent for 1-year tenure, a day after Prime Minister Narendra Modi asked banks to priorities lending towards poor and lower middle class.
"Nettlinx has invested substantially in world-class facilities and we are fully attuned to the exponential growth of the internet sector. Towards this, we will continue to bring high-tech practices in future as well, towards continuing to shape ourselves as leaders and enabling our states to emerge as global hubs," said Manohar Loka Reddy, Chairman, Nettlinx Limited.
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