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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. ....
The bank has also introduced a specific tenure scheme of 400 days where it is offering a rate of interest of 7.10 per cent with effect from 15 February 2023, valid till 31 March 2023. Senior citizens are the biggest beneficiary as they earn an additional premium on the normal rates. aaa ....