The Reserve Bank of India is expected to maintain the repo rate at 5.5 per cent in its upcoming monetary policy review on August 6, following three consecutive rate cuts totalling 100 basis points. The central bank’s Monetary Policy Committee (MPC), headed by Governor Sanjay Malhotra, will begin its three-day deliberations on Monday.While inflation remains comfortably below the RBI’s target …
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Fixed deposit investors take note! Lock in high interest rate FDs before returns fall as RBI cuts repo rate – Times of India
The impact of rate reductions on short and medium-term FDs will be more immediate. (AI image) Are fixed deposits your go to investment option? Then now may be the right time to put your money in FDs as interest rates are likely to come down soon. Fixed deposit investors must take swift action as the interest rate reduction cycle progresses, …
Read More »RBI puts more money in your pocket! How much will your loan EMIs come down with repo rate cut? Explained – The Times of India
The actual transmission of rate cuts works with a lag, and it usually takes a few months for loan borrowers to see a benefit. (AI image) Home loan borrowers have a big reason to cheer! The Reserve Bank of India (RBI) has cut the repo rate by 25 basis points – the second time in this calendar year. The repo …
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