Banks may wait for liquidity cues to cut rates on special deposit plans

Most banks are likely to extend their high-interest special deposit schemes beyond March 31 with lower rates as they assess liquidity conditions and RBI’s monetary policy decisions. A rate cut and improved liquidity are expected to result in a decline in deposit rates in the near future. Most banks are likely to extend their high-interest special deposit schemes beyond March 31 with lower rates as they assess liquidity conditions and RBI’s monetary policy decisions. A rate cut and improved liquidity are expected to result in a decline in deposit rates in the near future.  Economic Times