Article: India: NABARD cuts interest rates on refinance by 0.50 per cent.

Byline: babalu03

The National Bank for Agriculture and Rural Development (NABARD) has reduced its interest rates on refinance for investment credit by 0.50 per cent for lending made by various rural financial institutions (RFIs).

The revised interest rates will be 8 per cent for commercial banks and 7.5 per cent for co-operative banks and regional rural banks. This will be with effect from November 3, a press release issued here stated.

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