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Chennai, Oct 31 (PTI) Union Finance Minister P Chidambaram today said he expected the interest rates to be stable in the medium term, but added that a meeting on CMDs of banks he had convened on November 18 would help him assess the situation more c losel.

Asia Africa Intelligence Wire

| October 31, 2005 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From Press Trust of India)

"I've talked to a few chairmen of banks and they have told me that the interest rates will not go up in the medium term," Chidambaram told reporters here.

He said a meeting of banks' CMDs have been called on November 18 and it would help him …

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