Monday, March 18, 2013

RBI should cut interest rates: SBI chairman

sbi
"At present, the CRR is 4 per cent. It should be reduced to 3.5 per cent and the repo rate, which is at 7.75 per cent, should be reduced to 7.25 per cent. This would result in lowering of interest rates on all loans, which would boost the economy," 

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