With no change in rates for two years, the RBI raised the repo rate by 0.90 per cent and expects the repo rate to rise to 0.60 per cent in the coming quarter. Banks have raised interest rates on FDs by more than 0.50 per cent..
Interest on small savings, including Sukanya Samridhi Yojana, PPF, may rise soon, rates to be announced later this month CB News
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