Loan interest rates to increase further: Should you go for tenure extension to manage EMIs?

Will the rates continue to increase in the future?

Though rates have been hiked thrice, and RBI has signaled to take back housing, it doesn’t look like the end of the cycle. The primary factor driving these rate hikes is inflation. Retail inflation in India, as measured by the CPI, is still at a high as the CPI for the month of June stood at 7.01%. (Text by Naveen Kumar/ET Online)

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