Why did PPF and SSY interest rates not increase despite a 0.5% REPO rate hike?

On 30th Sep 2022, the RBI increased the rate at which it lends money to commercial banks (the repo rate) from 5.4 % to 5.9%. See RBI repo rate history from June 2000 to the present. A reader asks, “why did the govt. not increase PPF and SSY interest rates?” The REPO rate is at...

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