Dewan Housing raises RPLR by 25 bps to 17.75 pc

Dewan Housing’s move to increase the lending rate comes in the wake of a hike in the reverse repo and repo rates by the RBI recently,a release issued by the lender said.

The move follows similar rate hike announcements by Corporation Bank,ING Vysya Bank and IndusInd Bank after the Reserve Bank tightened key rates by 25 basis points in its June 16 mid-quarter policy announcement.