scorecardresearchBanks will be forced to sharply hike their deposit rates soon: ICRA

Banks will be forced to sharply hike their deposit rates soon: ICRA

Updated: 29 Jul 2022, 11:17 AM IST
TL;DR.
The 90-bps hike in the policy rates since May has resulted in the yields on various money market instruments. The 91-day T-bill, 182-day T-bill, and 364-day T-bill spiked to 5.2%, 5.7%, and 6.0%, respectively, in July 2022.
The daily average yields on short-term instruments such as the 91-day T-bill, 182-day T-bill, and 364-day T-bill spiked to 5.2%, 5.7%, and 6.0%, respectively, in July 2022.

The daily average yields on short-term instruments such as the 91-day T-bill, 182-day T-bill, and 364-day T-bill spiked to 5.2%, 5.7%, and 6.0%, respectively, in July 2022.