Global News

[ad_1] Fixed deposit (FD) investors have benefited from rising interest rates over the past 1-2 years, with rates reaching their peak and remaining there for a considerable time. However, this favorable situation is not expected to continue indefinitely. Although the Reserve Bank of India (RBI) has maintained the repo rate, it is anticipated that this may be the final pause before the central bank initiates a cycle of interest rate reductions, potentially leading to a gradual decrease in bank FD interest rates .While FD investors profited from the rising interest rate environment, the same investment approach may not yield equal benefits in a falling interest rate scenario. "Given the resilient economic growth, the RBI has some flexibility to wait until inflation sustainably falls below the 4% target before considering any rate cuts," ET quoted Raghvendra Nath, MD, Ladderup Wealth Management Pvt. Ltd as saying. Where are FD interest rates headed? Although policy rate ...