As gold, stock markets lose lustre - why your humble fixed deposit is forever

Even as investors become more risk savvy and financial literacy brings investment avenues like stocks, mutual funds, bonds closer, the humble fixed deposit continues to hold importance in portfolios. And this ‘safe haven’ of its own kind, is back in focus at a time when globally interest rates are going up, Indian stock markets are down from their peaks, and gold has fallen as well!The Reserve Bank of India (RBI) kept the key benchmark policy rate - repo rate - unchanged at 5.25% in its monetary policy review on Wednesday. The neutral stance and the stated resilience of the Indian economy also signalled that the RBI will be cautious in opting for a rate hike, unless inflation spirals out of control.(function(){function e(){window.addEventListener(`message`,function(e){if(e.data[`datawrapper-height`]!==void 0){var t=document.querySelectorAll(`iframe`);for(var n in e.data[`datawrapper-height`])for(var r=0,i;i=t[r];r++)if(i.contentWindow===e.source){var a=e.data[`datawrapper-height`][n]+`px`;i.style.height=a}}})}e()})();What does this mean for your FD investments?