RBI MPC announcements on April 5: FD investors likely to get more time to book fixed deposits at current high rates; all eyes are on RBI

RBI MPC announcements on April 5, 2024: Fixed Deposit (FD) investors will keenly watch the Reserve Bank of India's (RBI) first Monetary Policy Committee (MPC) meeting of the new financial year, scheduled for this week. RBI Governor Shaktikanta Das will unveil the MPC's decisions on interest rates on Friday, April 5, 2024. The repo rate, the benchmark interest rate set by the RBI, serves as a key determinant of FD interest rates. RBI monetary policy announcement is crucial for FD investors seeking clarity on the future trajectory of interest rates. How FD interest rates are likely to change in the next few months and how FD investors can make the most of this scenario