By Admin 
- There is little hope of rate cut, give priority to investment at present.
FD Investment Update: The effect of the ongoing war between Iran and America can be seen all over the world. In such a situation, with the rise in crude oil prices, the possibility of inflationary pressure returning again is increasing. Many FD investors are wondering whether they should lock in the current rates now or wait for the situation to become clear after the upcoming monetary policy review of the Reserve Bank of India (RBI).
Expert giving procedure
According to most experts, in view of increasing geopolitical doubts, RBI will maintain the current position in its upcoming policy meeting and will not make any change in interest rates and policy stance. CRISIL Chief Economist Dharamkirti Joshi said that in view of inflation, RBI is likely to adopt a cautious approach.
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He said that we hope that RBI will not make any changes in the repo rate and policy in the upcoming monetary policy. With which the risk of inflation is increasing and will increase further with the duration and intensity of the West Asia conflict. At present, both CPI based inflation and core inflation are within safe limits. Also said, “RBI will adopt the policy of wait and see for now.”
Regarding this, Saurabh Jain, co-founder and CEO of Stable Money, said, considering the current situation, we hope that RBI will not make any changes in the repo rates for the time being and will continue to adopt the best approach by keeping a close eye on the inflation data and macroeconomic conditions.
Expert opinion regarding FD investment
According to expert Jain, despite some softening in FD rates in recent months, fixed deposit rates still remain quite exciting. In such a situation, instead of waiting for the interest rate cycle, investing at current rates can be a wise step. Investors should consider securing the current rates instead of postponing investment decisions.
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BankBazaar CEO, Adhil Shetty also expressed his opinion on this and said, if interest rates remain stable for the next few months, then there will be no much benefit in waiting for the June meeting. Further said, investing now at the current rates is a wise step. Because there is little possibility of further reduction in interest rates. No one is on the verge of a huge fall in interest rates. Everyone is getting good and stable returns.
In such a situation, experts say that investors should always keep in mind that stability is always present in the market. If deposit rates improve due to future policy decisions of RBI, the deposits can be upgraded. Just waiting for a rate hike can lead to a mistake in taking advantage of the current rates available in the market.