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Bank FD rates set to come down: Lock in long tenure interest rates now
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Bank FD rates set to come down: Lock in long tenure interest rates now
Kolkata: After a gap of five years, the Reserve bank of India has flagged off the declining interest rate cycle in the country with a view to making cheaper funds available to the common consumer and lending institutions as a whole with a view to boosting consumption and growth rates. In the first week of February, RBI monetary policy committee — the rate-setting body of India’s central bank — trimmed the repo rate from 6.50% to 6.25%. What’s mo…
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