News From Press Will FD interest rates drop sharply if RBI MPC keeps repo rate unchanged on October 6, 2023?

Will FD interest rates drop sharply if RBI MPC keeps repo rate unchanged on October 6, 2023?

Source: ET Oct 6, 2023

The Reserve Bank of India (RBI) monetary policy committee (MPC) is likely to put a pause on the repo rate again in its bi-monthly review scheduled on October 4-6, 2023. If the central bank keeps the benchmark interest rates unchanged for the fourth time in a row in October, how is it going to impact your investments such as fixed deposits (FDs)?

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