November 05, 2024 10:56 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Pakistan's Lahore has become world's most polluted city with an AQI of 1900 on Sunday | Indian Army 'successfully completes' patrolling to a key point in Ladakh's Depsang region | US presidential election: Donald Trump ahead of Kamala Harris in swing states, poll survey predicts | 'I strongly condemn Hindu temple attack, intimidation of our diplomats': PM Modi amid Canada row | 'I strongly condemn Hindu temple attack, intimidation of our diplomats': PM Modi amid Canada row

Will the RBI repo rate cut lead to reduced FD interest rates?

The Reserve Bank of India (RBI) announced a 40-basis point cut in the repo rate and reverse repo rate. After the rate cut, the repo rate stands at 4% and the reverse repo rate at 3.35%. This is the third time the RBI Governor Shaktikanta Das has briefed the media, on measures to boost the economy.