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Even as last week’s marginal decline of 0.02 % triggered hopes of a gradual ease, inflation for the week ending July 19 hovered yet again around 12%. The rise in inflation rate is being mainly attributed to an overall increase in the price of primary articles and food products. As a result, various banks have immediately announced an increase in their rates of lending. Sensex gains 69 pts, closes at 14,356 & HDFC, ICICI Bank up home loan rates by 0.75%
Even as last week’s marginal decline of 0.02 % triggered hopes of a gradual ease, inflation for the week ending July 19 hovered yet again around 12%. The rise in inflation rate is being mainly attributed to an overall increase in the price of primary articles and food products. As a result, various banks have immediately announced an increase in their rates of lending. Sensex gains 69 pts, closes at 14,356 & HDFC, ICICI Bank up home loan rates by 0.75%