http://blog.biz2credit.in Small business advice for financing, marketing and growing a company Tue, 07 Feb 2012 08:59:27 +0000 en hourly 1 http://wordpress.org/?v=3.3 http://blog.biz2credit.in/2009/06/15/assocham-urges-rbi-to-maintain-interest-levels/ http://blog.biz2credit.in/2009/06/15/assocham-urges-rbi-to-maintain-interest-levels/#comments Mon, 15 Jun 2009 10:09:16 +0000 Biz2Credit Advisor http://www.biz2credit.in/blog/?p=703 The industry body ASSOCHAM urged the Reserve Bank of India to maintain interest rate levels to allow India Inc.’s expansion plans to go continue. President Sajjan Jindal cautioned that changes in the credit reserve ratio (CRR) of 8.75% and repo rate of 8.5% would make credit too costly to permit expansion and modification in the industry. At the same time, the industry is not looking for a decrease in these interest rates since there are inflationary pressures on the country’s economy.

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