SREI raises benchmark rate to 11 per cent

New Delhi, June 16 (UNI) In line with the present trend of upward moving interest rates in the market, SREI Infrastructure Finance Ltd today announced that it has revised its benchmark rate to 11 per cent from 10 per cent with effect from June 15, 2006.

''The revision in the interest rate is in tune with rising interest rates in both the global and domestic markets. Our benchmark rate is extremely competitive in the present market scenario,'' SREI Vice-Chairman and Managing Director Hemant Kanoria today said.

SREI is operating across the country with a network of 36 branches and has also expanded its operations overseas. The company is also listed on the London Stock Exchange.

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