Money Guru: Where To Earn In Rising Interest Rates? What Is The Way Of Dealing With Inflation? Know Experts Opinion

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.