scorecardresearchRBI Policy: With interest rate hike, FD interest rates to follow

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.

The latest rate hike of 50 bps has raised the repo rate to 5.4 percent.