The Rashtrakutas and their Times c22.113

c22.113

Interest at high rate like 30 or 40% is only exceptional; in the vast majority of the records of our period, the rate of interest, when the capital was in cash, is found to be varying between 12 to 15%. It is interesting to note that the rate permitted by Manu, (79) Yājñavalkya, (80) and Kauṭalya (81) on the capital in cash is also 15%.