FOCUS-Rate hike seen hitting durables demand; autos steady

Newswire

* Interest rates seen moving up by Q3 * Demand for consumer goods may get hit in 6 months * Growth in auto sector unlikely to be impacted much By Aniruddha Basu MUMBAI, July 27 (Reuters) - The higher-than-expected rise in interest rates by India's central bank could hurt the consumer durables business, but demand in the booming auto sector may sustain, company officials said on Tuesday. India's central bank raised interest rates more forcefully than expected on Tuesday, signalling ...

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