Investors should brace for something that has not happened for 46 years—the PPF rate falling below the 7% mark. The consistent decline in bond yields means the rates of small savings schemes are likely to be cut when they come up for the quarterly revision next week. If rates are cut as expected, this would be the first time since 1974 that the PPF rate will fall below 7%. The interest rate of small savings schemes are linked to government bond yields of the same maturity. The PPF rate is linked ..
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