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RBI MPC announcements: Ex-SBI chief Rajnish Kumar said that there is no chance of a rate cut but there is no reason for a rate increase either.
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) kept the repo rate unchanged at 6.5 per cent and maintained the policy stance of 'withdrawal of accommodation' on Friday, December 8.
RBI MPC meeting: A prolonged rate pause and liquidity withdrawal, with a rate cut only in the second half of FY 25 — experts, bankers and economists share their thoughts
Nifty and Sensex mark new highs, while Nifty 50 stocks touch their new high post Reserve Bank’s monetary policy, , stockmarkets, nifty, sensex, All time high, stock prices, reserve bank of india, interest rate, retail investors, Intraday
A slew of Small Finance Banks (SFBs) already offer 9.2% to 9.5% interest on FDs to senior citizens. Unity Small Finance Bank offers an interest rate of 9.5% to senior citizens on FDs maturing in 1001 days. Will interest rates on FDs touch 10% in the near future? Will the interest rates on fixed deposits (FDs) go up further? The decision to hike FD interest rates will depend on various factors. Find out how interest rates of FDs may move in the future and how you should invest.