The depreciation was largely on account of rising crude oil prices that
touched $86 barrel a couple of months ago from less than $40 a barrel in
2014 and hardening interest rates in the US.
"Growth on an all India basis is reasonably robust with peripheries of metros, tier II and tier III towns being extremely strong," says Renu Sud Karnad, MD, HDFC Ltd, in an interview with Naveen Kumar, where she shares her views on a range of issues affecting the real estate and home loan sectors in India.