Terms Of Bondage

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Terms Of Bondage
  • Housing loan rates rose twice since November '04. RBI was close to announcing a third one last week.

  • Increasing global oil prices, high US interest rates and inflation are putting pressure on interest rates.

  • Housing activity expected to grow because of a high demand and low supply situation.

  • Banks will impose stringent checks for loan approval.

  • Interest rates are unlikely to come down soon, say experts.

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