Foreign-currency deposit inflows expected to keep Indian bank deposit rates steady after RBI hike

The Economic Times reported on October 7 that inflows from foreign-currency nonresident bank deposits were expected to keep deposit rates steady for another two to three months despite the RBI’s rate hike. Repo-linked floating loans would reprice upward, potentially increasing bank margins. CSB Bank’s treasury head expected the surplus liquidity to fade by the end of December.