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Real estate stocks plunge as RBI keeps rates unchanged
Source: IRIS | 07 Apr, 2015, 11.27AM
Rating: NAN / 5 stars.
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Real estate stocks declined on Tuesday as RBI has kept repo and reverse repo unchanged at 7.50% and 6.50% respectively. Meanwhile, cash reserve ratio and statutory reserve ratio kept unchanged at 4% and 21.5% respectively.

Real estate stocks such as Indiabulls Real Estate declined the most with a fall of 3.59%, followed by Unitech (3.13%), Anant Raj (3.06%), DLF (2.69%), Godrej Properties (1.66%) and Housing Development and Infrastructure (HDIL) (1.63%).



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