Wednesday, October 8, 2008

To know whether your EMI will come down watch out for RBI's credit policy on October 24. There could be a Diwali gift for you.

Some analysts say the there could be further good news for borrowers. “I suspect that there could be further cuts in rates before, during or after the credit policy,” say stock analyst Harsh Roongta.

Banks aren't willing to commit themselves on a cut, but say funding will get easier with more money to lend. RBI uses the axe, home loan rates may go down

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