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Article: FICCI for cut in interest rates.

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PTI - The Press Trust of India Ltd.
Article date:
January 23, 2008
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FICCI for cut in interest rates

New Delhi, Jan 23 (PTI) -- Industry body FICCI has suggested that the Reserve Bank should cut interest rates in its monetary policy review later this month, after the US central bank reduced key rates.

"RBI must cut the repo rate by at least 25 basis points and then follow up with further cut of another 25 basis points within next two months," the chamber said in release.

Pointing out that inflation is within "tolerable limits", it said that RBI needs to address the issue of industrial slowdown by reducing interest rates.

RBI is scheduled to review the monetary policy on ...

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