India, Oct. 29 -- UK mortgage approvals declined in September amid rising mortgage interest rates, official data showed on Thursday.

Mortgage approvals, an indicator of future borrowing, declined to 53,443 in September from 54,814 in August, the Bank of England said. Approvals were forecast to fall moderately to 54,000. The 'effective' interest rate, which is the actual interest paid on newly drawn mortgages rose to 4.63 percent in September from 4.60 percent in August.

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