Monday, June 20, 2011
By Pranjal Gera
RBI raises interest rates on car loan- negative impact expected on Auto industry
In a recent decision, the Reserve Bank of India raised its key interest rates by 25 basis points, a move that was not greeted by most of the auto companies. The Indian automobile market is already in a slow growing state due to the rising prices of petrol and now this move of RBI will further lower the sales. Mr. Pawan Goenka,.... [Read More]
