Will FD rates go up further on the back of RBI’s upcoming MPC meeting?

[Felaket]

Will FD rates go up further on the back of RBI’s upcoming MPC meeting? The Reserve Bank of India has been raising interest rates rapidly and since May of the current fiscal year, there have been four straight rate hikes, resulting in a total repo rate hike of 190 bps including the repo rate which was raised by 50 basis points and is now 5.90%, according to an announcement made by the Monetary Policy Committee (MPC) in September 2022.