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Investments drive growth but how will investors get funds if the savings pile shrinks with no incentive to save in a negative interest rate regime?
Topics
Banks | interest rate | Investment Banks
Mr Pradeep Kukreja is all smiles these days. His bank has raised its deposit rates. Kukreja’s two-year fixed deposit matured last week. Instead of redeeming it, he reinvested it for another two years. This time, he will earn 6 per cent interest.
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First Published: Sun, July 10 2022. 21:25 IST
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