Why should you lock into attractive FD interest rates now?5 min read 20 Apr 2020, 04:10 PM IST
For investors across all income groups, capital preservation has become the top priority during these uncertain times. Adding fixed-income instruments like fixed deposit to your portfolio can help you get assured returns.
A well-informed investor would have seen the writing emerging on the wall since last year, when impending recessionary trends started. One such trend has been gradual cuts in repo rates starting February 2019, when it was cut from 6.5% to 6.25%. There were four such cuts in 2019 and one on March 27, 2020, when it was reduced to 4.4%. This was a clear indicator of efforts towards increasing liquidity in the market by the central bank.
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