The yields on 10-year bonds issued by some states crossed the 7 per cent mark, which is more than 40-basis-point increase since before the Budget, indicating the struggle for the states ahead to keep their interest costs in check. While Punjab paid 7.05 per cent coupon for its 10-year bond, Mizoram paid 7.04 per cent for its 12-year papers and Rajasthan borrowed 10-year money at 6.95 per cent.
I have Rs 12 lakh in surplus. Should I prepay my home loan or invest for monthly income of Rs 25-30k?
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