ScienceET Techabout 2 hours ago
India Inflation Rise May Push FD Rates Up
1 min read
India's Consumer Price Index inflation rose to 4.8% year-on-year in August 2026. HSBC Global Investment Research forecasts the Reserve Bank of India will hike the repo rate by 25 basis points twice, in October and December, raising it to 5.75%. This inflation surge is pressuring banks to increase fixed deposit rates to compete with government securities and small savings schemes.
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