Tuesday, August 23, 2011
By Pranjal Gera
Interest sensitive automobile industry to get affected more by rate hikes: FM
The Finance Minister Pranav Mukharjee has said that an increase in the interest rates is likely to affect the interest sensitive segments like automobiles more as compared to the other segments. Mr. Mukharjee quoted as saying that the cost of borrowings has surged and as a consequence the sectors likes automobile (that are more sensitive to the.... [Read More]