India Inc’s interest costs jump 34.4%, set to rise further

The battle against inflation has started taking a toll on borrowers in the corporate sector. There has been a 34.4 per cent rise in interest charges in Q4 of the financial year 2010-11. Interest costs are expected to shoot up further in the current fiscal as lending rates have gone up after the recent rate hike by the RBI, and with more hikes in the offing, slowdown in demand and investments could follow.

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