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Interest rates may cool down in Q1: Parekh

Interest rates may cool down in Q1: Parekh
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First Published: Fri, Jan 11 2008. 12 38 PM IST
Updated: Fri, Jan 11 2008. 12 38 PM IST
PTI
Mumbai: The country’s leading housing finance company HDFC’s Chairman Deepak Parekh today said he expects the interest rates to soften by 0.25-0.50% if there is no hike in the cash reserve ratio.
“Lending rates may fall down by 25 basis points in first quarter of the next fiscal (March-June) if RBI does not hike the CRR rate,” Parekh told reporters here.
Parekh said that India should not witness the flood of forex inflow going forward as has been the case in the recent past because investors in India were cashing out and there was lot of redemption in the US.
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First Published: Fri, Jan 11 2008. 12 38 PM IST