Monday, 16 November 2015

Let market decide

Apropos of your edit, 'A right signal' (ET, March 30), with the boom in real estate and the stock market, flow of money had changed its path again from bank to these sectors. The economy is booming and new projects need funds. Banks will have to make pace with markets. It is right to say that interest rates are on their way up.

(This letter published in Economic Times on 31st March 2006.)