SBH Unlikely To Slash Interest Rates

Hyderabad: State Bank of Hyderabad has no plans to slash interest rates in the aftermath of Credit Policy review by the Reserve Bank of India. They hoped a rate cut of at least 25 basis points by the RBI. The status quo maintained by the central bank in the Credit Policy will not permit any rate cut. On the RBI''s advice to monitor unhedged exposure to foreign currency.