New Delhi, March 30 -- As we move towards FY27, we are navigating not only difficult-to-manage personal finance goals but also a complex macroeconomic backdrop. Geopolitical issues such as the Middle East conflict and the Russia-Ukraine war have kept global markets volatile, with huge swings in commodity prices and steep crude oil prices.

These developments, along with ongoing pressure on the Indian rupee, have led it to hit record lows against the US dollar. It has further led to a decline in India's foreign exchange reserves, as the Reserve Bank of India (RBI) continues to defend the currency, thereby impacting inflation, import and export costs and investment sentiment.

External shocks like these show that personal finances cannot op...