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Banks say tough for them to reduce interest rates, cite market dynamics

Reserve Bank of India's rate cuts are proving to be ineffective in lowering rates

Banks say tough for them to reduce interest rates, cite market dynamics
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Anup Roy
Will they, won’t they? While the Reserve Bank of India (RBI) has started reducing interest rates, banks are reluctant to oblige and have ample justification to do so; just when interest rates on Employees’ Provident Fund (EPF) have been hiked. 
                                                                                                                         

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First Published: Feb 27 2019 | 11:38 PM IST

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