As Interest Rates Fall, Borrowers’ Gain Is Depositors’ Pain
A weighing scale stands next to sacks of grain at a wholesale grain market in Rewari, Haryana, India. (Photographer: T. Narayan/Bloomberg)

As Interest Rates Fall, Borrowers’ Gain Is Depositors’ Pain

The Reserve Bank of India’s decision to cut interest rates by a steep 75 basis points will bring relief to borrowers, but will pinch depositors, who rely on interest income from fixed deposits, equ...
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