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NABARD cuts rate on capital gains bonds

CHENNAI: NABARD has decided to reduce the interest rate on its capital gains bonds to 6 per cent with effect from January 2 from 6.5 per cent. Subscriptions from investors would be accepted at the current rate till the close of business on December 28, The issue will remain closed from December 29 to January 1 and re-open for fresh subscriptions at the revised rate from January 2, according to a release.

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