RBI Policy: With interest rate hike, FD interest rates to follow
Updated: 05 Aug 2022, 12:28 PM IST
TL;DR.The RBI has raised interest rates by 140 basis points in the past three months starting May 4. As a result, banks have been raising their fixed deposit rates, giving a better deal to conservative investors. Read further to know more about it
The latest rate hike of 50 bps has raised the repo rate to 5.4 percent.