The conversation between human and AI assistant.
(2016) Will fixed deposit rates go up again in India? If so, how soon/long?
What are those indications?
Well, the RBI has been gradually reducing the interest rates over the past couple of years to stimulate economic growth, but they have also been expressing concerns over inflation. If inflation remains high or starts to rise, it may lead to an increase in the rates. Additionally, the forecast for India's economic growth is positive, which could also push the rates up.