Profit

Fixed deposits lose appeal as banks cut rates

PUBLISHED ON: November 13, 2008 | Duration: 1 min, 44 sec

  
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The wholesale price index - India's most-watched inflation measure - eased to 9 per cent for the week ended November 1, down from 10.7 per cent for the prior week. It was the first time inflation has slipped to a single-digit rate since hitting a high of 12.4 per cent in the week ended August 2. This time last year, inflation was 3.4 per cent.
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