Tuesday, March 31, 2020

Liquidity push trims CD interest rates

Axis Bank’s CDs traded as high as 7.75 per cent before RBI announced an unscheduled bi-monthly policy last Friday. These instruments are now trading in the range of 3.90-5.90 per cent across maturities running up to nine months.

from Markets-Economic Times https://economictimes.indiatimes.com/markets/stocks/news/liquidity-push-trims-cd-interest-rates/articleshow/74904325.cms

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