RBI cuts CRR: Will bank fixed deposit rates come down soon?

Monday, 9 December 2024
Bank fixed deposit rates are expected to remain stable through FY25 due to sufficient liquidity from reduced credit expansion and a recent CRR cut. While a downward trend is possible, actual rate reductions are contingent on the RBI lowering its repo rate.

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RBI cuts CRR 50 bps, trims FY25 GDP forecast to 6.6%

The Reserve Bank of India (RBI) maintained its policy rate at 6.5% but lowered the economic growth forecast for 2024-25 to 6.6% from 7.2%. A CRR cut to 4% will...
IndiaTimes on December 6, 2024

RBI cuts CRR: Will bank fixed deposit rates come down soon?

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RBI cuts CRR 50 bps, trims FY25 GDP forecast to 6.6%