This time as October kicks in, the mood is jittery as the continued sell-off in the US market, higher interest rates and strengthening dollar are keeping investors on the edge. What is adding to the nervousness is growing speculation about stresses at European banks including Credit Suisse whose share price has collapsed in recent months.
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,