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RBI shocker sends market into a tizzy; benchmark indices plunge 2.3%

Repo rate hike to liquidity surplus, here're the key parameters of RBI MPC

Business Standard

Real estate, auto companies to bear the brunt of interest rate hikes

Niranjan Hiranandani, managing director of Hiranandani Group, said the RBI had to ensure that inflationary pressure on the individual did not get exacerbated by higher rates on home loans

Real Estate  | automobile industry | RBI monetary policy

Raghavendra Kamath & Dev Chatterjee  |  Mumbai 

The RBI was at the forefront of providing stimulus to the economy last year, while the Narendra Modi-led government followed with modest fiscal steps
The RBI was at the forefront of providing stimulus to the economy last year, while the Narendra Modi-led government followed with modest fiscal steps

and automobiles, which were showing signs of a nascent recovery, will bear the brunt of higher interest rates following the central bank’s rate hike because customers will delay buying new homes and cars. developers fear home loan rates, currently between 6.6 and 6.9 per cent for top lenders, will rise.



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First Published: Thu, May 05 2022. 01:25 IST