FM says interest rates are hardening

Finance Minister said on Monday that interest rates are hardening during a debate on the union budget in the Parliament.

india Updated: Mar 13, 2006 17:55 IST
Reuters
Reuters
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Finance Minister Palaniappan Chidambaram said on Monday that interest rates are hardening during a debate on the union budget in the Parliament.

"The bank rate today is at 6 per cent. Reverse repo is at 6.5 per cent ... interest rates are hardening," Chidambaram told Parliament.

First Published: Mar 13, 2006 17:55 IST