Tuesday, March 19, 2013

India announce interest rate cut

සුද්දගෙ වැඩ2http://www.mediafire.com/view/?0nfupnhak7iam6b

Indian Finance Minister announced Thursday an interest rate cut of a half percentage point in government-promoted savings schemes. 

"Most administered interest rates will be reduced by 50 basis points," Sinha said in his annual budget statement. 

With inflation at a two-decade low, the government has been under pressure to bring down interest rates which currently stand at between 10 and 12 percent.