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August 02, 2011

HDFC hikes retail prime lending rate by 50 bps by news

India’s largest housing finance company HDFC on Tuesday hiked its retail prime lending rate ( RPLR) by 50 bps to 16.50% on its loans with effect from August 01, 2011.

“This is in line with interest rates in the economy, which have hardened due to increase in policy rates by 75 bps  since  June' 2011,” said a release issued by the company.

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