Tuesday, December 11, 2012

FAPCCI seeks drastic cut in interest rates

....The Federation of Andhra Pradesh Chambers of Commerce & Industry has urged the Reserve Bank of India for a higher percentage of interest rate reduction to boost industrial production. “Given the current industrial and economic scenario, there is an urgent need for the RBI to reduce interest rates not by a token of 25 or 50 basis points, but by 200 basis points,” the trade body said in a letter to the RBI Governor......

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