Are FD rates headed towards 8% after the RBI repo rate hike?
The rate hike cycle which started in May 2022 seems to be on roll as RBI hiked the repo rate again by 0.50% during the monetary policy meeting held on August 5, 2022.
Within a span of 93 days, the overall hike in repo rate now stands at 1.4% (40+50+50 = 140bps). Three consecutive hikes of repo rate have given further momentum to rising FD interest rates.
Super Admin Gaurav Changed status to publish August 5, 2022