New Delhi: The Reserve Bank of India (RBI) on Tuesday deregulated savings deposit interest rate, the last administered bank rate in the economy, in a move which will push up cost of funds, sending bank shares sharply lower. "It is felt that the time is appropriate to move forward and complete the process of deregulation of rupee interest rates," Reserve Bank of India said in its second-quarter monetary policy review....
04:44 PM, Oct 25, 2011
Reduction in interest rates will make home, auto and other loans cheaper. ...08:47 PM, Mar 27, 2009
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