Skip to main content
Savings disincentivised: Real interest rates slide into negative territory - Economic Times 16-Jul-2020
![](https://economictimes.indiatimes.com/thumb/msid-76990176,width-1070,height-580,imgsize-35427,overlay-economictimes/photo.jpg)
Savings disincentivised: Real interest rates slide into negative territory - Economic Times
The RBI has reduced its benchmark repo rate by 115 basis points between March and May to support the economy in light of the Covid-19 induced slowdown. As a result, banks have had to reduce their lending and deposit rates to adjust to the new interest rate sc…
More...