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Indian Overseas Bank reduces interest rate on loans by 5 bps – CHENNAI: Taking a cue from recent policy measures announced by Reserve Bank of India (RBI), Indian Overseas Bank reduced its interest rate on loans by 5 basis points. the rate at which the RBI.

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The Fed raises interest rates by a quarter percentage point – The Federal Reserve raised interest rates on Wednesday to between 2 and 2.5 percent, a move that is expected to push up the cost of borrowing for commercial and residential loans. The 0.25 percent.

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