Banks and NBFCs like HDFC Bank, Yes Bank, and Bajaj Finance have started cutting deposit rates, signaling a downward trend in interest rates. The Reserve Bank of India is expected to announce another repo rate cut soon, which will further enhance liquidity and likely lower lending rates.
Market expects one more rate cut as inflation stays benign
Indian economists and bond market experts expect another quarter percentage point cut in policy rates. This follows the Reserve Bank of India’s recent rate reduction