PGIM India Mutual Fund View on RBI Monetary Policy : The MPC policy today was as hawkish as it could get even as the MPC kept the policy rate unchanged. Flagging Inflation as still the “Major Risk,” he RBI governor emphatically reiterated that the Inflation target is 4% and not 2% to 6%. This along with the announcement that RBI will be nimble in managing liquidity by conducting OMO sales has spoked the bond markets and the benchmark 10yt yield has risen by 14bps to 7.35% We expect the yield curve to steepen going forward.
PGIM India Mutual Fund View on RBI Monetary Policy .
