RBI MPC meet outcome: The apex bank has so far raised the repo rate by 140 basis points since embarking on a tightening cycle at an unscheduled policy meeting in May this year.
PNB has hiked interest rates for fixed deposits for one to ten years amounting to less than Rs 2 crore, whereas SBI has also hiked interest rates on FDs across select tenures. Check latest interest rates here.
India's central bank is likely to raise its inflation projection for the current fiscal year at its June monetary policy meeting and will consider more interest rate hikes, a source said.