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Withholding tax cut may allow rupee to appreciate: HSBC

Lauding the government‘s announcement to reduce withholding tax by 5 percent on overseas borrowing by local companies, Manish Wadhawan, MD & HD -Interest Rates, HSBC said that this move will have a positive impact on the overall borrowing capabilities of the corporate India.

first published: Sep 21, 2012 02:12 pm

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