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| FM rate-cut signal loud & clear |
| Finance minister Palaniappan Chidambaram wants banks to cut lending and deposit rates by 50 basis points, triggering speculation of an interest rate cut by the Reserve Bank of India (RBI) at its policy review on January 29. ... |
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Finance minister P. Chidambaram (right) with M.B.N. Rao (centre), CMD of Canara Bank, and A.K. Khandelwal, CMD of Bank of Baroda, in New Delhi on Friday. Picture by Rajesh Kumar
FM rate-cut signal loud & clear |
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