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    Imapct of Rising Ruppe-Dollar Value On Home Loans 2013

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    Debasish Panda
    The rupee weakened past 65 to the US dollar, prompting ICICI Bank and HDFC to raise their benchmark home loan rates by 0.25% or 25 basis points. This small increase in interest rates will increase monthly loan payments on a typical Rs. 10 lakh home loan by about Rs. 170. Both banks cited the falling rupee as the reason for increasing their floating home loan rates.

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    Imapct of Rising Ruppe-Dollar Value On Home Loans 2013

    Uploaded by

    Debasish Panda
    12 views1 page
    The rupee weakened past 65 to the US dollar, prompting ICICI Bank and HDFC to raise their benchmark home loan rates by 0.25% or 25 basis points. This small increase in interest rates will increase monthly loan payments on a typical Rs. 10 lakh home loan by about Rs. 170. Both banks cited the falling rupee as the reason for increasing their floating home loan rates.

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    Impact of rising rupee-dollar value

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    Imapct of Rising Ruppe-dollar Value on Home Loans 2013

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    The rupee weakened past 65 to the US dollar, prompting ICICI Bank and HDFC to raise their benchmark home loan rates by 0.25% or 25 basis points. This small increase in interest rates will increase monthly loan payments on a typical Rs. 10 lakh home loan by about Rs. 170. Both banks cited the falling rupee as the reason for increasing their floating home loan rates.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    12 views1 page

    Imapct of Rising Ruppe-Dollar Value On Home Loans 2013

    Uploaded by

    Debasish Panda
    The rupee weakened past 65 to the US dollar, prompting ICICI Bank and HDFC to raise their benchmark home loan rates by 0.25% or 25 basis points. This small increase in interest rates will increase monthly loan payments on a typical Rs. 10 lakh home loan by about Rs. 170. Both banks cited the falling rupee as the reason for increasing their floating home loan rates.

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    Attribution Non-Commercial (BY-NC)
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    As rupee pierces 65/$, ICICI Bank and HDFC raise home loan rates

    TNN | Aug 23, 2013, 03.37AM IST

    As rupee pierces 65/$, ICICI Bank and HDFC raise home loan rates Both HDFC and ICICI Bank announced that they have increased their benchmark rates, which are used for pricing floating rate home loans, by 25 basis points. MUMBAI: The rupee crossed the 65 mark against the US dollar on Wednesday with its impact being felt across the board. For the common man the immediate pain is on account of an increase in home loan rates by ICICI Bank and HDFC, which will increase the burden of equated monthly instalments.

    Both HDFC and ICICI Bank announced that they have increased their benchmark rates, which are used for pricing floating rate home loans, by 25 basis points. A quarter percentage point increase in rates pushes up EMIs on a Rs 10 lakh home loan by Rs 170 a month.

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