Chennai:
State
Bank of Mauritius has cut its interest rates on domestic
term deposits. The bank has cut its rates by 100 basis
points to 8 per cent for deposits of one year and above.
It
has cut rates by 25 basis points to 8.25 per cent in the
181 days to one-year time period. The bank has, however,
revised upwards its interest rates for the 91-to-180 days
deposit by 50 basis points to 8.50 per cent. The revisions
take effect from this week, says a bank press release.
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