The mood is jittery ahead of the September series derivative expiry on Thursday and the Reserve Bank of India’s policy meeting on Friday when the central bank is expected to raise rates. But, analysts do not rule out a technical rebound around 17,000-17,150.
Banks unlikely to reduce deposit rates despite RBI easing
Following the latest repo rate decrease, bankers foresee only slight adjustments to deposit rates. The landscape, characterized by sluggish savings yields and elevated credit-deposit ratios,