India Infrastructure Finance Company Limited (IIFCL) has reduced its base rate by 35 basis points to 8.95 per cent with effect from July 7.

Prior to this move, IIFCL's base rate stood at 9.30 per cent. This is the second time IIFCL, a government owned company, has reduced its base rate within six months.

Srivats.kr@thehindu.co.in