HDFC hikes lending rate by 25 bps, home loans to get costlier

New Delhi: Housing finance company HDFC has increased its retail prime lending rate on housing loans by 25 basis points, it said in a regulatory filing to the exchanges late on Monday night.

The revision in interest rates would come into effect from today – Tuesday. This development came close on the heels of the monetary policy committee of the Reserve Bank of India’s move to raise the repo rate by 50 basis points to 5.40 per cent in order to…