Profit

Rising home loan rates worry buyers

PUBLISHED ON: June 13, 2008 | Duration: 2 min, 02 sec

   
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It is a difficult time for everyone. Ballooning inflation, a sharp rise in fuel prices, your grocery bill going up and now, ominous news for flat buyers. From dreams to dust is what has exactly happened to Monteiros, a Mumbai based couple when the RBI hiked the repo rate, the rate at which banks borrow money from the RBI and in turn impacts the rate at which banks lend to customers.
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