Lowering of interest rates for industries hurts the consumers Lowering of interest rates for industries hurts the consumers because, as lending rates to the giants are reduced, the common man takes the brunt by losing on deposit rates. It’s a double whammy for the common man. It is time that the Reserve Bank of India raises the deposit rate, to save the investors. lensonnews/newdetailpage/2/13/49636/1/lowering-of-interest-rates-for-industries-hurts-the-consumers.html
Posted on: Tue, 16 Dec 2014 09:01:27 +0000
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