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RBI rate increase: Fixed Deposits turn safe and pretty investment
by Vicky on Aug 2, 2011
Reserve Bank of India has again raised its key rates - repo and reverse repo - in an attempt to control inflation. He is the 11th hike in 17 months. The message below did last week the central bank quarterly review of monetary policy is bound to cause heart burns for borrowers, banks began rising interest rates.
Some have called for rate increases necessary, but in some circles, the decision was greeted with surprise, calling it "tough." However, it is good news for applicants with loan rates, rates of FD also thumbs up.
Flavour of the season:
Fixed Deposit Interest Rates - the most popular and often seen as the safest investment - have been inching upward in recent months. After the recent RBI rate hikes, some banks have already increased their rates of FD and many more are expected to do so quickly. Therefore, at this point in time, a combination of attractive yields and capital protection in time deposits made an attractive proposition.
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RBI rate increase: Fixed Deposits turn safe and pretty investment
Reserve Bank of India has again raised its key rates – repo and reverse repo – in an attempt to control inflation. He is the 11th hike in 17 months. The message below did...
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