It rose from Rs 89.70 as on 31st October 2023 to Rs 111.25 recorded on 1st December 2023 which translates into an upside of 24% in a month. It has rallied more than 10% in a week.
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,