Will FD interest rates drop sharply if RBI MPC keeps repo rate unchanged on October 6, 2023?

FD interest rate: All eyes are on RBI monetary policy committee (MPC) meeting scheduled on October 6, 2023. Most experts say that the Reserve Bank of India (RBI) is likely to keep the repo rate unchanged at 6.5%. How is it going to impact your investments such as fixed deposits (FDs)? If the repo rate remains unchanged, will the FD interest rates remain stagnant? Will there be no deposit rate hike in the coming days? Or will FD interest rates drop sharply in the near term? Let's find out what experts say

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