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2024

High FD interest rates may not last long despite RBI status quo; is this the last window to book fixed deposits at higher rates?

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RBI in its MPC meeting on June 7 kept the repo rate unchanged at 6.5%. This marks the eighth consecutive MPC with status quo, benefiting fixed deposit investors with high rates. However, going forward the interest rate cycle to reverse. The potential for a rate cut later in the year is anticipated.



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