Loans Rate and Inflation rate
Recently, in India loans rate has been grown by banks. Cause behind this was that RBI has revised its repo rate. But what was the actual cause behind it? Somebody says that inflation rate in Indian economy is the main cause of loans rate hike.
We know, home loans and motor car loans has been up as I have already written in my previous post. Now, inflation rate is more up. About it HT writes, “Latest price data showed that wholesale prices based inflation for the week-ended August 16 declined to 12.40 per cent, down from the previous week’s 12.63 per cent.”
However, government are saying that inflation rate has been moderated now. We know it is not truth dolor has raised and INR is low now.
What will happen in loans rate we will see next. People are saying that loans rate will up more soon because 6th pay scale has been approved.
We know, home loans and motor car loans has been up as I have already written in my previous post. Now, inflation rate is more up. About it HT writes, “Latest price data showed that wholesale prices based inflation for the week-ended August 16 declined to 12.40 per cent, down from the previous week’s 12.63 per cent.”
However, government are saying that inflation rate has been moderated now. We know it is not truth dolor has raised and INR is low now.
What will happen in loans rate we will see next. People are saying that loans rate will up more soon because 6th pay scale has been approved.
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