From The Federal
Center-Left Owned by New Generation Media Corporation Pvt. Ltd.Loans may not get cheaper soon as global rate pressure keeps India on tenterhooks
What's behind this
The revised FD rates of a government bank took effect on 2 November, after the RBI’s repo rate hike, and are expected to help depositors who lock in savings at higher rates. However, SBI Research warns that rising US government borrowings could keep global interest rates high, projecting India’s government bond yield to stay at 7 pc by March 2027, suggesting loans may not become cheaper soon. Earlier related coverage noted Australia raising rates, but that is background only.
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SBI Research says rising US govt borrowings could keep global interest rates high; predicts India’s govt bond yield to remain at 7 pc by March 2027
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SBI Research says rising US govt borrowings could keep global interest rates high; predicts India’s govt bond yield to remain at 7 pc by March 2027
