Stock markets in India, led by Nifty50 and BSE Sensex, surged on Tuesday following Donald Trump’s announcement of a ceasefire between Iran and Israel, with Nifty50 surpassing 25,200 and BSE Sensex gaining over 900 points. Analysts expect continued consolidation in Indian equities as global geopolitical developments unfold, while oil prices fell and gold dropped to a near two-week low amidst reduced demand for safe-haven assets.
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Will PPF rate fall below 7%? Public Provident Fund rate could hit 50-year low
The Public Provident Fund (PPF) rate may drop below 7% for the first time in decades due to the Gopinath Committee formula and changing 10-year government bond yields. However, PPF remains an appealing investment option because of its tax-free interest, particularly when compared to taxable bank deposits and limited Voluntary Provident Fund contributions. Need More Context? 🔎
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