Interest rates: Don’t buy bond funds, yet
It is best for now to keep money in liquid funds or short-term plans until there is a clear indication that the RBI has given up on raising interest rates as a tool to bring down inflation
The demand for money is slowing down. This can be due to two reasons. One, businessmen feel that there are no opportunities to invest; or, two, the cost of money (interest rate) is so high that the business provides no returns. To me, the second reason seems more relevant. Clearly, growth is visible.
However, it does not appear viable. So ...
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