December 25, 2024 12:45 am (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Five soldiers killed, several injured as Army truck falls into Poonch gorge | Allu Arjun quizzed by police in Pushpa 2 stampede case | Wanted Indian drug smuggler killed in the US | Congress leader files complaint against Allu Arjun for 'insulting police' in Pushpa 2: The Rule | Ahead of Jaishankar's US visit, foreign secretary Vikram Misri meets top US diplomats | India refrains from commenting on extradition request for ousted Bengladeshi PM Sheikh Hasina | I don't blame Allu Arjun, ready to withdraw case: Pushpa 2 stampede victim's husband | Indian New Wave Cinema Architect Shyam Benegal dies at age 90 | Cylinder blast at a temple in Karnataka's Hubbali injures nine people | Kuwait PM personally sees off Modi at airport as Indian premier concludes two-day trip
Will the RBI repo rate cut lead to reduced FD interest rates?

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

May 22, 2020, at 06:24 pm

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.