Homeless? Congrats
If you haven't bought a house of your own yet, or feel priced out of the market now, there may be some good news in store. Home loan rates are set to rise again, while realty prices head for a bigger-than-expected fall. The result: paying rent just got smarter.
That's one way of looking at the brighter side of Reserve Bank of India's credit policy on Tuesday, which, otherwise, painted a gloomier picture of the economy and brought such measures that would make the slowdown worse than now.
The central bank raised the rate at which it lends to commercial banks in the short term, and ordered them to hold more cash in reserves, in a bid to contain inflation that has reached a worrisome 12 per cent and threatens to detail the India growth story .
To read the full article, click here...
To read the ePaper, visit: http://epaper.hindustantimes.com
That's one way of looking at the brighter side of Reserve Bank of India's credit policy on Tuesday, which, otherwise, painted a gloomier picture of the economy and brought such measures that would make the slowdown worse than now.
The central bank raised the rate at which it lends to commercial banks in the short term, and ordered them to hold more cash in reserves, in a bid to contain inflation that has reached a worrisome 12 per cent and threatens to detail the India growth story .
To read the full article, click here...
To read the ePaper, visit: http://epaper.hindustantimes.com
Labels: auto finance, bankers, central bank, commerical bank, growth rate, home loans, India Australia, inflation, market, RBI
posted by PressMart Team at
12:33 PM
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