• Most Popular
  • Most Shared

CORRECTED-India HDFC to review home loan rates by end-June

Thu Jun 12, 2008 12:03am EDT

Stocks

   

(Corrects ICICI alert to show source as CEO, not chairman)

MUMBAI, June 12 (Reuters) - Indian mortgage firm Housing Development Finance Corp (HDFC.BO) will take a decision on raising interest rates on home loans by end of this month, its chairman Deepak Parekh said on Thursday.

He said there was upward pressure on interest rates.

The central bank raised its key lending rate unexpectedly late on Wednesday by 25 basis points to 8.0 percent.

(Reporting by Saikat Chatterjee; Editing by Charlotte Cooper)



More from Reuters

Joint Terminal Attack Controller SSgt Clinton J. Herbison, a U.S. Airman from the 817 Expeditionary Air Support Operations Squadron (EASOS) takes a break during a night mission near Honaker Miracle camp at the Pesh valley of Kunar Province August 12, 2009. Credit: REUTERS/Carlos Barria

Pictures of the Year

A look at the best photos of 2009.  Slideshow 

    PICTURES
    The Dalai Lama jokes with a nasal spray after being asked his opinion on the swine flu during a press conference after his first lecture in Lausanne, Switzerland, August 4, 2009. REUTERS/ Valentin Flauraud

    What a wacky year it's been...

    Um, what's up the Dalai Lama's nose? "Oddly Enough" editor Bob Basler rounds up the goofiest photos of the year.  Full Article 

    Oddly Enough
    A caution sign is seen next to a stock board at the Australian Securities Exchange (ASX) in Sydney September 5, 2008. REUTERS/Daniel Munoz
    Political Risk in 2010:

    Don't say we didn't warn you

    With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article 

    Global Markets