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Hyderabad, Aug. 2

State Bank of Hyderabad has reduced the interest rates on Non-Resident External (NRE) term deposits with effect from August 1. The interest on deposits for one year to less than two years is 5.25 per cent (5.43 per cent), two to three years 5.17 per cent (5.43 per cent) and for three to five years 5.21 per cent (5.46 per cent), according to a release. —

Our Bureau

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