🙏🙏🙏CEA Mr. Nagrswaran –at Madras School of Economics [1] Whether high rate of interest would dampen growth impulses—his reply was a categorical ” no” [2] to buttress his argument, he compared US situation in 1990s when the real rate of interest there was at a high of 3% but it did not dampen their growth [3] he further surmised that current high rates of interest , only reflect an appetite for credit and would not hold back growth. —courtesy BusinessLine

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