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Banks to wait before hiking loan rates post RBI’s tightening

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Banks to wait before hiking loan rates post RBI’s tightening

Top Indian bankers said that they would wait to observe inflation and market trends further, before increasing the interest rates of loans to citizens for balancing funds due to the sudden hike in repo rate by the RBI. Reserve Bank of India (RBI), surprisingly raised interest rates for lending money to commercial banks on Tuesday to dampen inflation.

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