Experts anticipate the repo rate cut to happen in the monetary policy committee (MPC) meet in August. And once rate cuts start, lower bond yields will follow. And when bond yields go south, the bond prices would increase proportionately.
RBI KFS: The Reserve Bank of India orders all regulated entities to provide a key fact statement to borrowers for all retail and MSME loans to enhance transparency and financial literacy.
Fixed deposit investors should be prepared for a downward trend in interest rates. The 10-year government bond yield has already fallen and is expected to continue decreasing. Whenever interest rate starts falling, the short to medium-term FD rates will be affected first, so investors should consider booking their FDs soon.
RBI MPC: The Reserve Bank of India s rate-setting panel, Monetary Policy Committee (MPC), decided to keep the repo rate unchanged at 6.5 per cent for the sixth consecutive time. This decision was announced by RBI Governor Shaktikanta Das during the last bi-monthly meeting of FY24.
The RBI proposes to introduce programmability and offline functionality in the CBDC pilot to enable additional use cases and transactions in areas with poor internet connectivity