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Lenders haven’t fully passed on the central bank’s latest interest rate cut to borrowers, pressuring the monetary authority to loosen policy even more to support economic growth.(AFP)

Reserve Bank of India faces trouble getting banks to cut rates

Bloomberg | By Anirban Nag and Rahul Satija
UPDATED ON MAR 11, 2019 02:24 PM IST
Latest data from the central bank shows the main overnight lending rate offered by commercial banks has been sticky in a range of 8.15 percent to 8.55 percent since the beginning of the year.
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