What is RBI rate normalization and how will the move affect you and me?
Over a period of time, things are expected to get a little better for savers, mostly senior citizens
You are hearing nowadays that the RBI is about to normalize rates. Yes, they will normalize; they have already given hints and will initiate it in sometime. It may start on 8 December, which is the date for the next review meeting of the Monetary Policy Committee, the panel in charge of deciding interest rates. Let’s get the hang of this.