The Reserve Bank of India has been raising interest rates rapidly and since May of the current fiscal year, there have been four straight rate hikes, resulting in a total repo rate hike of 190 bps including the repo rate which was raised by 50 basis points and is now 5.90%, according to an announcement made by the Monetary Policy Committee (MPC) in September 2022.
Will FD rates go up further on the back of RBI's upcoming MPC meeting?
livemint.com - 2 Dec 2022 14:12
The Reserve Bank of India has been raising interest rates rapidly and since May of the current fiscal year, there have been four straight rate hikes, resulting in a total repo rate hike of 190 bps including the repo rate which was raised by 50 basis points and is now 5.90%, according to an announcement made by the Monetary Policy Committee (MPC) in September 2022.
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