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Rate hike to impact consumer durables business

PUBLISHED ON: June 12, 2008 | Duration: 2 min, 08 sec

  
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India's top bankers are still deciding whether interest rates will go up or not. But a day after the 25 basis points hike in REPO rate by the RBI, it's the consumer durables industry that is beginning to lose sleep. For an industry heavily dependent on consumer financing, any rate hike spells trouble.
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