Money Saver India

RBI to launch CPI-linked savings certificate

To offer a hedging option to investors who are getting a negative real rate of return due to high inflation, RBI Governor Raghuram Rajan said the apex bank will launch the consumer price inflation (CPI)-

To offer a hedging option to investors who are getting a negative real rate of return due to high inflation, RBI Governor Raghuram Rajan said the apex bank will launch the consumer price inflation (CPI)- indexed savings certificate product by this month end. The rate of interest for the product’s inaugural run will be 1.5 per cent above the annual average of the CPI. Go here for more.

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