Other analysts say that the impact of interest rate increases vary according to the nature of the loan. For instance, the impact of rising interest rates on impulse purchases will be low. In a July 26 press briefing, RBI Governor D Subbarao said that private consumption is still strong. "The recent consumer expenditure survey shows that wages had gone up by 20% last year as against consumer price inflation, which is less than 10%," he said......
The very purpose of VITALINFO is to provide a platform for wider dissemination of updated information related to and happening of events in and around RBI.
No comments:
Post a Comment