We are dealing with actual, undeniable headwinds right now. With the RBI increasing the repo rate by 25 bps to 5.50% on October 7 - the first hike since February 2023 - many banks are already lifting their lending rates. On a Rs. 50 lakh loan over a 10-year tenure, this adds about Rs. 66 a month to the EMI, and this can cause some stress among affordable and mid-segment buyers, but not on those who are scouting the premium and luxury markets
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BR Shetty files $15 billion lawsuit against Bank of Baroda; alleges fraud and forged signatures
Bank of Baroda responded to the allegations, saying it had not been served with the suit and that the allegations remained untested in court. The lender said it would defend itself firmly, while continuing recovery proceedings against BR Shetty, founder of NMC Healthcare and UAE Exchange
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Saudi Arabia intercepts Houthi ballistic missile
Following attacks by the Houthis on King Khalid international airport, and Saudi Aramco facilities in Dhahran and Riyadh, US President Donald Trump had said that the Houthis were stepping up attacks on Saudi infrastructure to drive up energy prices ahead of the US midterm elections