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RBI keeps interest rates unchanged; How does it affect you?

RBI has kept its interest rates unchanged at 6.5% in its first bi-monthly monetary policy committee meeting of FY2024. 


This decision has been taken to maintain economic stability and to keep inflation under control. 

This means that the cost of borrowing will remain consistent until the next MPC meeting. 

It also provides stability to the stock markets and reduces the volatility of stocks.


However, keeping interest rates low for too long can lead to further inflation and reduce savings. 


This can be especially concerning for individuals on fixed incomes as the cost of living rises faster than their income. 


It is important to consider the potential long-term effects of low-interest rates.


Click here to know more about 
effect of RBI's no rate change policy.

Check here for more personal finance stories.


The RBI's decision to keep interest rates unchanged will have a mixed effect on personal finances, providing stability to some individuals but creating an inflationary environment for others.

How does RBI's no-rate change policy affect your personal finance?

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RBI keeps interest rates unchanged; How does it affect you?

The RBI's decision to keep interest rates unchanged will have a mixed effect on personal finances, providing stability to some individuals but creating an inflationary environment for others.

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