FD investors: Final call to book fixed deposits at high interest rates? All eyes on RBI MPC meeting on February 8, 2024
Published by Economic Times
Abhishek Kumar's role: Quoted
Abhishek Kumar, a SEBI-registered investment adviser, said the Centre's fiscal discipline could let the MPC consider a repo rate cut sooner than expected, and that risk-averse investors could lock money into long-term bank deposits.
More of Abhishek's views on saving and deposits
Published a day before the RBI's policy announcement of February 8, 2024, this article looks at what the MPC decision could mean for fixed deposit investors. It notes the repo rate had been held at 6.5% since February 2023, sets out economists' views on inflation and when a rate cut might come, and explains why short- and medium-term FD rates tend to fall first once cuts begin. It includes comments from Abhishek Kumar.
Publisher source
FD investors: Final call to book fixed deposits at high interest rates? All eyes on RBI MPC meeting on February 8, 2024
