RBI MPC meet: Fixed deposit rates set to fall after repo rate cut;...

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RBI MPC meet: Fixed deposit rates set to fall after repo rate cut; what should FD investors do now?

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The Reserve Bank of India has significantly reduced the repo rate by 50 basis points to 5.5%, accompanied by a 1% decrease in the Cash Reserve Ratio, injecting substantial liquidity into the banking system. While borrowers can anticipate cheaper loans, fixed deposit investors face the prospect of declining interest rates.

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