RBI Repo Rate Hike: FD Rates to Get More Attractive

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The Reserve Bank of India or RBI is likely to raise the repo rates or key lending rates for all the banks by an adequate 25 basis points to 6.50 per cent after February 1 Union Budget 2023 during its first meeting, as per a Reuters poll of economists. Stats of Reuters Poll for RBI Repo Rate Hike More than half of the economists from 40 out of 52 are expecting a repo rate hike of 25 bps to 6.50 per cent. However, the remaining 12 are suggesting no change at the February 8 meeting.

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