Smart Investment Moves for FY 2019-20
With the new financial year just around the corner, investment planning is at the back of the mind of most individuals. As a rule, your investment returns heavily depend on the economic conditions and the fluctuations in repo rate. It is hence, important to take into consideration that on 7 February 2019, as a part of the bi-monthly monetary policy declaration, the RBI has announced a reduction in the repo rate by 25 bps (basis points). With immediate effect, the rate has now dropped from 6.5% to 6.25%. With this dip in the repo rate, there may be an impact on borrowing costs as well. Though your joy as a borrower may be boundless, you may need to plan your investments carefully, as a fixed deposit investor. This is because instruments like FDs are already offering high-interest returns that may face revision once the external benchmark system comes into action. Given the economic climate, you can still weather fluctuations in interest rates and multiply your savings, by adopti...