Government hikes Interest Rates on Small Savings Schemes
The Government of India on Friday announced a hike in interest rates on small deposits including post office term deposits, NSC and senior citizen savings scheme.
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Rupee Recovers, as RBI hikes Interest Rates
The Reserve Bank of India (RBI) has hiked the Marginal Standing Facility (MSF) rate and Bank Rate each by 200 basis points to 10.25 percent, to curb Rupee's fall against the USD. As a result, the Rupee bounced back by 1% to trade at 59.13…