RBI revises repo rate to 6.5%: FD Rates to become more attractive3 min read . Updated: 08 Feb 2023, 08:08 PM IST
Following the previous trends, this repo rate hike may make investments more profitable. It would then become a rejoicing period for customers intending to grow their money through FDs
Governor Shaktikanta Das announced-on February 8 that the Monetary Policy Committee (MPC) of the Reserve Bank of India had decided to raise the repo rate by 25 basis points to 6.5%. With this the RBI has hiked rates six times by a total of 250 points beginning May 2022.
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