Costlier home loans could be a dampener for housing sales during the upcoming festive season, according to realtors' industry bodies CREDAI and NAREDCO.
On Wednesday, the Reserve Bank of India raised its benchmark repo rate by 25 basis points to 5.50 per cent, its first hike in nearly four years, while signalling that rate cuts are off the table in the near term and that further hikes could follow amid rising inflation, a weak rupee and higher crude oil prices.
