India Business News: If fixed deposits are your go to investment avenue, then the RBI monetary policy meet has good news for you. RBI governor Shaktikanta Das announced that the MPC has decided to keep the repo rate unchanged at 6.5%. This means that the higher interest rates offered by banks on FDs are unlikely to come down anytime soon.
After RBI s status quo, investors may continue to enhance duration across debt schemes with a view of softer rates and stable liquidity conditions going ahead
Since inflation is seen to be under control, Reserve Bank of India (RBI) is likely to reduce its interest rate in the monetary policy committee meeting scheduled in the next quarter. Following that, interest rates on fixed deposits would see a decline too.
RBI MPC announcements on April 5, 2024: Fixed Deposit (FD) investors will keenly watch the Reserve Bank of India s (RBI) first Monetary Policy Committee (MPC) meeting of the new financial year, scheduled for this week. RBI Governor Shaktikanta Das will unveil the MPC s decisions on interest rates on Friday, April 5, 2024. The repo rate, the benchmark interest rate set by the RBI, serves as a key determinant of FD interest rates. RBI monetary policy announcement is crucial for FD investors seeking clarity on the future trajectory of interest rates. How FD interest rates are likely to change in the next few months and how FD investors can make the most of this scenario