This is the RBI plan.. Jackpot for people if SBI prediction is confirmed..!

The Reserve Bank of India’s bi-monthly monetary policy meeting will begin today (December 5) and continue for the next two days. From the monthly salary earners to the big corporates with a daily turnover of crores of rupees, the decision to be taken in this meeting is awaited. The SBI Economic Research Group predicts that the Reserve Bank of India will stop raising the repo rate after the December monetary policy. Reserve Bank of India The Monetary Policy Committee headed by RBI Governor Shaktikanta Das is expected to raise the interest rate by 35 basis points i.e. 0.35 percent in the monetary policy meeting of the Reserve Bank of India to be held on December 5-7. Benchmark Interest Rate While India’s benchmark interest rate currently stands at 5.9 percent, a projected 35 basis point hike in the repo rate would be 6.25 percent. SBI Bank in its latest SBI Ecowrap report said that 6.25 percent will be the terminal rate in this situation.SBI Ecowrap Report SBI’s latest projection of terminal rate is based on improving domestic and global factors. In its report, the bank said India’s inflation is likely to trend downward after December 2022. The country’s inflation is projected to reach 5.2 percent by March 2023.