RBI Repo Rate 2023 : Good news for FD people
Due to the increase in the repo rate of RBI, where the loan will become expensive. If the EMI burden will increase, on the other hand, there will be good news for the people who have fixed deposits. Where the bank will make the loan costlier, then on the other hand, the interest rates on FD will also be increased. Let us tell you that from the year 2022 till now the repo rate has increased 5 times.
This has been done again for the sixth time. Significantly, in view of rising inflation, it is already being estimated that RBI may increase the repo rate by 25 basis points. The results have come out as expected. In the last year, the repo rate was increased 5 times in a row. Last year in December 2022, it was increased by 0.35 percent. It was increased to 6.24 per cent. PLC/GT
