FD Investors Alert! Book your fixed deposits at higher interest rates now, here's why

FD Investors Alert: With the Reserve Bank of India (RBI) announcing the repo rate cut by another 25 basis points (bps) to 6 per cent. This is the second consecutive cut in key rates after the meeting of the Monetary Policy Committee (MPC). Earlier to this, it had slashed interest rates by 25 bps in February. This was the first cut by the central bank since May 2020. After the latest rate cut, interest rates of home loans and others are expected to come down further. However, this is also expected to bring down the interest rates of fixed deposits. 

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