High Interest Rates Dry Economy [India Business]

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High Interest Rates Dry Economy [India Business]

Up, up and away...that's the way interest rates have been going in the last four months. While the Reserve Bank of India (RBI) has been hardening rates since the second half of 2004, the pace has picked up sharply. Indicative of the broad trend in tightening is the trend in mortgage lending rates. While they had moved up only...

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