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No interest rate cuts for consumers

PUBLISHED ON: October 7, 2008 | Duration: 1 min, 42 sec

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The cut in cash reserve ratio (CRR) by the RBI will not bring a cut in interest rates for consumers at the moment. KV Kamath, MD & CEO of ICICI Bank, the country's most influential bankers, has advised consumers not to expect ant immediate reduction in interest rates on loans to follow the CRR cut.
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