Housing Development Finance Corporation (HDFC), LIC Housing Finance, Dewan Housing Finance Corporation, GIC Housing Finance, were down 1.22% to 5.53%.The Reserve Bank of India (RBI) on Saturday (15 November 2008) allowed housing finance companies to raise short-term foreign-currency loans. This is a temporary step only available to companies registered with the National Housing Bank.But the demand for housing loans has slowed down due to higher cost of borrowing.
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