BusinessRBI MPC Meeting on October 7 May Raise Repo Rate by 25 Basis Points
The Reserve Bank of India's Monetary Policy Committee (MPC) will decide on the repo rate on October 7, with expectations of a 25 basis point increase. A rate hike could pressure banks to raise deposit rates, potentially increasing interest on fixed deposits (FDs). However, not all banks or tenures may see uniform hikes. Investors are advised to consider FD laddering instead of investing lump sums in long-term FDs.
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