Deposit rates stay high on policy uncertainty liquidity concerns (Business Standard India)
Story date: 2007-10-03 11:47:59
Added on: 2007-10-03 22:00:19
The interest rates on deposits continue to be high despite ample liquidity due to monetary policy uncertainty and expectations that liquidity would tighten later this year. Banks are still offering peak interest rates of 9 to 9.5 per cent on deposits of one to three year maturities.
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