💨 Abstract

The Reserve Bank of India (RBI) has changed its monetary policy stance to 'accommodative' due to increasing economic uncertainty and potential global trade tensions. This shift could lead to further monetary easing, resulting in lower interest rates on Fixed Deposits (FDs). Investors are advised to consider locking in high FD rates before banks revise them downwards.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖