Quote on RBI Policy- Repo rate unchanged- Beneficial for Real-estate companies By Mr. Yash Gupta, Angel One Ltd
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Below is quote on RBI Policy- Repo rate unchanged- Beneficial for Real-estate companies By Mr. Yash Gupta, Equity Research Analyst, Angel One Ltd
Research Bank of India announced that the central bank has decided to keep rates unchanged, repo rates will be kept at 4% along with this the stance remains accommodative. This is a piece of positive news for the real-estate companies as there will not going to be any hike in-home loan rates, currently, the home loan rate are between 6.5%-8%, this are one of the lowest home loan rates in history. We continue with our buy call on Sobha Limited with a target price of 960.
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