ICICI Bank said on Thursday it will cut its base rate by 0.25 percent to 9.75 percent from 10 percent. The bank also said it will cut interest rates for retail fixed deposits by 0.25 percent.
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The Reserve Bank of India (RBI) kept its key repo lending rate unchanged at 6.75 percent on Tuesday, as widely expected, after consumer inflation picked up to a four-month high and as emerging markets brace for a U.S. rate hike. Full Article