Badla rates go up
Mumbai: Average badla rates shot up to 25 to 26 per cent per annum during the week ended 4 December, compared to 18 to 19 per cent in the previous week. The steep increase is attributed to withdrawal of funds by some financiers to pay   advance tax to the income tax department. Withdrawals of Rs 150 to Rs 200 crore are said to have been made.
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