Banks may cut interest rates in next few days

MONEYCONTROL.COM | 08 April 2016 20:00 IST

Asserting that India is moving towards a low interest rate regime, Economic Affairs Secretary Shaktikanta Das today said banks are expected to cut interest rates over the next few days in light of the recent monetary policy easing by RBI.

"Banks are autonomous and the government has given very strong signal by maintaining the fiscal deficit at 3.5 percent and resetting small savings rates. 

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