As markets stay muted, is this rational to switch to fixed deposits?
Updated: 09 Oct 2022, 12:00 PM IST
TL;DR.Both Nifty50 and Sensex have declined by 1.7 percent in the past nine months whereas interest rates on fixed deposits (FD) have been on a rise in line with the repo rates. Read further to know whether investing in fixed deposits is a rational move.
FD rates have been rising to align with repo rate that rose by 50 basis points on September 30 to its present level of 5.9 percent