RBI Monetary Policy: FD Interest Rates to Remain Unchanged
The Reserve Bank of India (RBI) is set to announce its credit policy shortly, which will determine whether FD interest rates will be increased or decreased. Experts predict that the repo rate will remain unchanged, given that inflation is currently under control in the country. The repo rate has been increased by 2.25 percent in the last five credit policies, totaling to 6.50 percent. However, the rate was not changed in the last policy announcement.
S&P Global Ratings has also given its opinion, stating that the repo rate in India is at its highest level and there is no need to increase it further.
English Summary:
The RBI is set to announce its credit policy which will determine whether FD interest rates will be increased or decreased. Experts predict that the repo rate will remain unchanged given that inflation is currently under control in the country.
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