Mumbai, June 8: The Reserve Bank Deputy Governor, Mr K.C. Chakrabarty, today sought to stave off criticism that the nine-year low GDP growth was primarily due to the 20-month high interest rate regime, saying it was driven by a host of other factors. “I don’t think that the interest rates are that high, or our policy rates are that high that should significantly affect growth. Growth is being affected for a variety of reasons. We are overplaying the interest rate aspect (for low growth). It may be one of the reasons,” Mr Chakrabarty told the Skoch summit here......
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