Money Guru: Where To Earn In Rising Interest Rates? What Is The Way Of Dealing With Inflation? Know Experts Opinion
Zee Business Video Team | Updated: September 30, 2022 20:50 pm
RBI hiked repo rate by 50 basis points. After the repo hike, the gap between inflation and interest rate narrowed. Inflation rate at 7%, repo rate at 5.90%. This will make all types of loans expensive. In such a situation, you can reduce the tenure by increasing the EMI. You can pre-pay the loan amount. In between, you can make a one-time pre-payment. You can also make systematic part payment every month. Avoid Investing in Long Duration Debt Funds: Mrin Agarwal, Founder, Finsafe India and Monika Halan, Author and Professor, NISM.