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RBI to link base rate with MCLR from 1 April - Cheap Mortgages
The Reserve Bank of India (RBI) today said it has raised the base rate on lending rates on the basis of monetary policy rate (MRRL) from April 1. The gap between this base rate and MCLR is narrow, and borrowers using the base rate benefit from, some analysts said. However, with only the next week’s …