Poor depositors

Sir, - The annual ritual of announcing the credit policy is over. The RBI has reduced the interest rate and as usual the CII, the ASSOCHAM and FICCI have welcomed the announcement. Depositors are the ultimate sufferers since they have no association to voice their grievances.

T.B. Subramanian,

Coimbatore

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Sir, - The RBI and the Finance Ministrymust look beyond the stock market and corporate houses, before any further cut in interest rates is announced. There are millions of people in this country who survive on the interest from various small deposit schemes.

R. Chandran,

Thrissur

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