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The central bank has raised the repo rate by 250 basis points since May 2022. For the fiscal year 2023-24 (FY24), the central bank has projected consumer price index (CPI) inflation at 5.1 percent
Banks have been increasing rates on fixed deposits over the last two years. The cycle may have come to an end with the RBI signalling a pause
The uneven distribution of liquidity among banks led to a sharp rise in call money rates in the inter-bank market, Das has said
The yield on the benchmark 7.26 percent 2033 bond fell to 7.0338% on May 8 from 7.3056% on April 3.
If inflation doesn’t surprise on the upside and stays below 6 percent, the MPC could stay in the pause mode for the rest of the year, with even the possibility of a rate cut by end of the year