RBI hikes interest rates, loans may get dearer

October 25, 2011 11:11

RBI raises interest rates by 25 basis points, the 13th hike in last 19 months. In effect this means that home and car loans may get dearer. RBI has hiked the Repo rates by 25 basis points. Repo rate is the rate at which the RBI lends money to banks. RBI governor D Subbarao says high inflation will stay.

Full report on rediff.com shortly.

« Back to LIVE

TOP STORIES

Anurag Thakur repeats 'property to Muslim' claim, Cong hits back

The BJP leader said the Congress wants to divide the country on the basis of religion and region.

Archery WC: India shock Olympic champs Korea for recurve gold

India secured one of their biggest triumphs in archery as the men's recurve team of Dhiraj Bommadevara, Tarundeep Rai and Pravin Jadhav stunned reigning Olympic champions South Korea to win the gold medal at the ongoing World Cup Stage 1...

Why Rajasthan Royals are having a dream run...

Rajasthan Royals skipper Sanju Samson feels mistakes are part and parcel of T20 cricket and his team will have to stick to their process despite enjoying a dream run in the ongoing Indian Premier League.

Jake Fraser-McGurk: From rookie to run-machine

The man who owns the World record of fastest List A hundred (off 29 balls in the Marsh Cup) has now done enough that Delhi Capitals have been forced to drop David Warner on the pretext of a hand injury.

In Pictures - Liverpool's slim title hopes fade after draw at West Ham

Liverpool's slim Premier League title hopes faded further on Saturday when Michail Antonio's late header earned West Ham United a deserved point with a 2-2 draw.