Tata Housing's reaction on RBI Monetary Policy

.....“We welcome RBI’s decision of a second successive cut in monetary policy rates this year. Banks and NBFCs took cue from the central bank last time around and immediately lowered their lending, and even deposit rates. Although, lenders might not take further cue this time, the thing to consider is that the rate cut, coupled with the proposed additional INR 1 lakh tax rebate for first home loan borrowers (up to INR 25 lakhs), is likely to act as a stimulus for the demand for affordable housing in India...........

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