There are so many terminology on "interest rate".
OPR = Overnight Policy Rate
FDR = Fixed Deposit Rate
BLR = Base Lending Rate
During the year 2010, BLR has increased THREE (3) times as follows:
First (March 2010) = 5.55% to 5.80%
Second (May 2010) = 5.80% to 6.05%
Third (July 2010) = 6.05% to 6.30%
Those who borrows money in BLR will suffers additional borrowing costs in year 2010.
Click here for table of interest rates.
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