Rising Interest Rate Vs Falling Dollar

Here we go again, Home loan rates set to rise further.

In the last two years or so, banks have increased home loan rates from 6.5% to 11%, resulting in equated monthly installments (EMI) rising by 43%.

As These measures are likely to hit economic growth, For RBI the growth had now become a secondary concern; Controlling inflation is the central bank’s top priority.

Just few years ago, I would have never cared about the Interest Rate, but things are different now specially with the sinking of Dollar value against Rupees.