Residential prices under threat in India: inflation now RBI's top priority
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India’s property market is set for tough times. Residential property prices are falling in more cities than they are rising in real terms (given India’s high inflation, it is important to distinguish nominal price rises from real price rises).
The new governor of the Reserve Bank of India, Raghuram Rajan, has added to the pressure by hawkishly raising key interest rates, in the face of an already weak economy.
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