After the Reserve Bank of India (RBI) hiked interest rates for the tenth time in 15 months, EMIs for autos, banks and home loans are set to climb again. Sacrificing growth, the RBI raised the short-term lending (repo) and borrowing (reverse repo) rates by 25 basis each to 7.5% and 6.5%, respectively.
These successive rate hikes will impact the overall demand, says the CEO of Ashok Leyland, R Seshasayee. In an exclusive interview on CNBC-TV18 he is cautious on the company
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