Attention, homebuyers! How severe is RBI’s likely rate hike going to be for your home dreams

During the pandemic, the RBI had cut interest rates from 5.15% to a low of 4%. However, since May 2022, the central bank has been on a rate-hiking journey in order to tame the rising inflationary pressures. The homebuyers were aware of the fact that these low interest rates were transient and unsustainable in nature. They are expecting the hike and are thus prepared for it.

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