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15 March 2008 14:45

Inflation changes Chidambaram's tone on rate cuts

by Hemanshu (via)
With inflation again creeping up to worrisome levels, Finance Minister P Chidambaram on Saturday virtually ruled out any government intervention to ease interest rates. Chidambaram, who hoped for cheaper credit at least on housing one week ago, changed his tone on Saturday saying the Reserve Bank of India (RBI) would determine rate policies.

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