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Realty sector to get battered if RBI hikes rate tomorrow

Ahead of Reserve Bank of India's mid-quarter policy review on Thursday, interest rate sensitive sectors like banking and realty have taken a big hit owing to the fear of a rate hike. However, the road is unlikey to be that much bumpy for the auto sector.

March 16, 2011 / 11:09 PM IST
 
 
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The realty sector is set for more pain if there is a rate hike by the Reserve Bank of India, as it meets to review its monetary policy tomorrow. The street believes a rate hike is inevitable given the current inflation situation. The other rate sensitive sector