Tuesday, October 11, 2011

Post office, PPF rates set to rise, but not by too much

....For a finance ministry that has been advising the Reserve Bank of India (RBI) to think “out-of-the-box” on interest rates, here’s a reality check on double-standards: faced with a sharp drop in collections under post office savings schemes, it may end up recommending a hike in interest rates.......

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