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FKCCI welcomes RBI’s stance

BANGALORE: The Federation of Karnataka Chambers of Commerce and Industry (FKCCI) has welcomed the Reserve Bank of India’s (RBI) decision not to increase interest rates in its monetary policy review. J. Crasta, president, FKCCI, said the central bank’s “policy stance will return the economy to a high growth path”. Mr. Crasta hoped the RBI would make “an early review” of the benchmark prime lending rate (BPLR).

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