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Bank interest rates to go up

PUBLISHED ON: June 12, 2008 | Duration: 2 min, 27 sec

  
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It's no longer a question of whether bank interest rates will harden or not. The debate now is around the timing of that hike. Top bankers in the country are still reviewing the repo rate hike. Bankers feel that a PLR hike might not be necessary immediately, but they are assessing the situation and can't rule it out. If RBI makes another move in July, it's a certainty that the EMIs will go up.
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