In a country, where inflation rate is high, at low interest rate, common depositors are at a loss because their deposit is depreciated,. At the same time rich borrowers are at a benefit. because their loan is depreciated. So there is two edge to the problem. Those who are talking for low interest rates, they are advocates of borrowers. Those who are talking about high interest rate are advocates of depositors. For those who does not pay back either loan or interest, are not at all bothered about the interest rate.
[Also read my book 'A FRAUD IN THE INDIAN CONSTITUTION' : http://www.amazon.in/dp/9352353986
web: www.manjaly.net]
[Also read my book 'A FRAUD IN THE INDIAN CONSTITUTION' : http://www.amazon.in/dp/9352353986
web: www.manjaly.net]
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