Spiralling interest rates not to dent India Inc

New Delhi, Apr 2: Taking note of the rising interest rates, industry chamber Assocham today said it is not apprehensive that the increase in the repo rate and cash reserve ratio (CRR) will effect investment plans of corporates and their counterparts abroad.

Reacting on implications of recent repo and CRR rate, Assocham President Venugopal N Dhoot said, ''Economic realities in economies that are growing for larger scale, minor fluctuations in interest rates hardly dislodge corporate investment and diversification plans.'' The corporates, prior to writing their future plans take cognizance of such factors well in advance and therefore linking interest rates rise with them will be totally unjustified and ill-founded, he added.

UNI