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RBI kept benchmark interest rate unchanged at 6.5%, instilling confidence in the market. Expectations of repo rate cut in FY25. Monetary Policy Committee meet post elections focused on inflation and economic growth. The central bank also retained its projection for retail inflation at 4.5 per cent for the current fiscal assuming a normal monsoon, while uncertainties related to food price outlook warrant a close monitoring.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/6tcxIlh
The Reserve Bank of India's decision to maintain the repo rate at 6.5 per cent is expected to boost the residential real estate market, ensuring stability in home loan interest rates and fostering consumer confidence for sustained growth.
Latest fixed deposit interest rates: Recently, Yes Bank updated its FD interest rates, and SBI also made revisions last month. We compare the latest new FD rates offered by major banks like HDFC Bank, SBI, Yes Bank, ICICI Bank, PNB, and Canara Bank.
Repo rate is the rate at which the RBI lends to banks. A cut in repo rate makes lending cheaper for banks, hence translating into reduced loan rates and hence lower EMIs.
State Bank of India's market capitalization surpassed Rs 8 lakh crore as the stock hit a 52-week high on exit polls predictions.
