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ICICI and other banks reduced RD, FD rates, and gold is on high

Dear Ashal and experts,

today RD andFD rates of private banks droped by 0.5%, gold is on high, and equity on steady state , what should be the bet now, (If I suppose to invest some money for short and some for long term.)???

PPF is giving more than RD,FD.

how does this senario affect debt MF returns?

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