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SIDBI cuts rate on capital gain bonds

MUMBAI: Small Industries Development Bank of India (SIDBI) has reduced the interest rate on its capital gain bonds by 50 basis points to 5.75 per cent per annum with effect from January 1, 2003. Other terms and conditions of the issue, which was launched on August 1, 2001, remain unchanged, SIDBI said in a release.

PTI

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