Short-term interest rates rising, loan rates to stay low a while: experts

The low interest rate phase hasn't really helped investors or investment; Covid-19 was actually a supply side shock

For a year and a half, money market rates were tethered to their lowest ever, after the Reserve Bank of India cut the repo rate to 4 per cent and the reverse repo rate to 3.35 per cent, and started buying government debt through open market operations to enhance liquidity conditions in order to tackle the economic shock of Covid-19. 

But interest rates in the shorter term are on the rise since September-end. 

There is a very slight uptick in the rate at which banks lend to each other for immediate requirement of funds. The Mumbai Interbank Offered Rate (MIBOR)