RBI holds key interest rate again, investors in FD to benefit

MUMBAI: Reserve Bank of India (RBI) governor Shaktikanta Das announced a status quo on interest rates, citing better-than-expected inflation and an improved macroeconomic outlook with reduced uncertainty. The Monetary Policy Committee (MPC), consisting of six members, unanimously voted to maintain the reporate during its bi-monthly meeting on Thursday.
This marks the second consecutive policy decision where the RBI has chosen to pause after a series of six rate hikes since May 2023.
The RBI’s decision is favourable for savers as it ensures that deposit rates will remain at their current levels for a longer period.