With many banks offering interest rates between 6.25 per cent and almost 8 percent on FDs, people are parking funds in them for the short term. In the last 6-7 months, yields on MFs have been restricted to around 6-6.5 percent
With many banks offering interest rates between 6.25 per cent and almost 8 percent on FDs, people are parking funds in them for the short term. In the last 6-7 months, yields on MFs have been restricted to around 6-6.5 percent
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