On the deposit side, the weighted average domestic term deposit rate (WADTDR) on outstanding rupee term deposits went up to 6.75 percent in October 2023 from 6.69 percent in September 2023. The weighted average domestic term deposit rate (WADTDR) on fresh rupee term deposits moved to 6.31 per cent in October 2023 from 6.32 per September 2023.
Regardless of whether the Eurozone falls into recession, economists at Wells Fargo see enough growth headwinds to suggest that the European Central Bank's (ECB) monetary tightening is done.