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Jaitley denies putting pressure on RBI to cut rates

Finance minister's comment that the high cost of capital is stifling investment sends markets into a tizzy

Mr Jaitley said in a speech earlier that costly capital was impacting manufacturers.


INDIA'S finance minister denied on Tuesday that he was pressuring the central bank into cutting interest rates, after his comment that the high cost of capital was stifling investment sent markets into a tizzy.

Arun Jaitley, in a speech in Delhi on Monday, said that "costly...

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