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Tourism industry broadly welcomes measures announced by the finance ministry, but feels much more needs to be done
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Free tourist visas to first 5-lakh, a morale booster - The Hindu BusinessLine
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Govt announces 500,000 free visas, loan guarantee scheme for travel sector
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Covid-hit realtors, hoteliers hail RBI s liquidity support but seek more
According to the industry, this will continue to keep floating retail loan rates (which are directly linked to external benchmark repo rates) at a lower level.
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| A+A A- By Express News Service
NEW DELHI: The Reserve Bank of India (RBI)’s decision to keep repo rate and reverse rate unchanged at 4 per cent and 3.35 per cent, respectively, was widely welcomed by the real estate sector which is reeling under the impact of second covid-19 wave.
According to the industry, this will continue to keep floating retail loan rates (which are directly linked to external benchmark repo rates) at a lower level.