The Hindu Business Line : Corporates foresee fall in rates: Survey

New Delhi, July 29 Companies expect the RBI to reduce interest rates in the Credit Policy which will be announced on July 31, according to a survey by Assocham.

Out of the 300 Chief Financial Officers surveyed, 85 per cent anticipated a downward revision of interest rates.

As many as 95 per cent of the respondents of the survey said that high interest rates would hit their balance sheets.

There was a 17 per cent rise in the prime lending rate in June compared with the same month last year.

The call money average turnover has gone down by 1.9 per cent over the same period.

The call money rate (weighted average) has gone down by 56.5 per cent in June.

The dip indicates that there is adequate liquidity in the system, according to the chamber.

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