India: Auto sector likely to be hit by interest hikes

India's finance minister Pranab Mukherjee has said that interest-sensitive industry sectors, such as automobiles and real estate, are likely to be hit by the increase in borrowing cost. "Cost of borrowing has gone up, as a consequence…sectors sensitive to interest rates are likely to be affected relatively more than others," Press Subscribe to Automotive World … Continued

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• August 22, 2011