RBI MPC meet: FD rates set to fall after repo rate cut; what should investors do?
The Reserve Bank of India has significantly reduced the repo rate by 50 basis points to 5.5%, accompanied by a 1% decrease in the Cash Reserve Ratio, injecting substantial liquidity into the banking system. While borrowers can anticipate cheaper loans, fixed deposit investors face the prospect of declining interest rates.
The Reserve Bank of India has significantly reduced the repo rate by 50 basis points to 5.5%, accompanied by a 1% decrease in the Cash Reserve Ratio, injecting substantial liquidity into the banking system. While borrowers can anticipate cheaper loans, fixed deposit investors face the prospect of declining interest rates.
