No 6th rate cut in Repo
RBI monetary policy released. There is no rate cut this time. Although in the same year there are 5 rate cuts. But in this policy, the sequence is paused.
At present Repo is 5.15 percent whereas Reverse Repo is 4.90%. Banks may pause cut in FD rates. In spite of 5 rate cuts during the year the lending rate is not decreased by banks. Bank loans are still dearer. But it will have a positive impact on FD holders. They will be able to get a better interest rate.
Indian economy is suffering from the low growth rate. Indian currency is also getting down day by day.
