Falling sales since demonetisation has alarmed CEOs, who want to save cash till the economy recovers. The Indian corporate sector, looking forward to a rate cut on Wednesday, is facing a double whammy of high interest rates and falling sales due to demonetisation. Chief executive officers said they would now wait to take investment decisions till the economy improves, by April next year. "The credit policy comes in the most unusual of circumstances and the Reserve Bank of India's decision to ... Rediff.com, 2 months ago
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