'RBI's hike in key interest rate to hit property market'

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RBI raised key policy rate by 0.25 per cent to 8 per cent in a bid to curb inflation, a move that may translate into higher EMIs and push up the cost of borrowing for the corporate. RBI raised key policy rate by 0.25 per cent to 8 per cent in a bid to curb inflation, a move that may translate into higher EMIs and push up the cost of borrowing for the corporate.
SummaryRealty firms and consultants hoped however that this would be last round of monetary tightening by central bank.

but also surprising and it would further hammer the buyers' sentiments.

TDI Infracorp Managing Director Kamal Taneja said the hike in repo rate by RBI would hit already weak investment momentum and impact Indian economic growth. "This step will make corporate and retail loan more expensive. It may increase EMI burden on common man".

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