Deposit rates may remain steady as liquidity improves, inflation falls

The consumer price index-based inflation (CPI) or retail inflation eased to an 18-month low of 4.7 per cent in April 2023 from 5.7 per cent in the previous month. Last week, Reserve Bank of India (RBI) Governor Shaktikanta Das said CPI for May could be even lower than the April print.

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