RBI rate hike drag auto stocks; Bajaj Auto, Ashok Leyland among top losers
A rate hike from the Reserve Bank of India increases the borrowing costs for consumers, as banks can immediately pass on the higher rates to borrowers by raising the External Benchmark Lending Rate (EBLR)
A rate hike from the Reserve Bank of India increases the borrowing costs for consumers, as banks can immediately pass on the higher rates to borrowers by raising the External Benchmark Lending Rate (EBLR)
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