Quote on RBI Monetary Policy by Mr. Sandeep Bagla, TRUST Mutual Fund
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Below is quote on RBI Monetary Policy by Mr. Sandeep Bagla CEO TRUST Mutual Fund
"RBI policy is hawkish at the margin. RBI has acknowledged the strong growth and negative surprise on inflation front. One of the MPC members has voted for change in accomodative stance. While there is no real change in the policy, bond market participants will take the nuanced change in language seriously. There is a distinct possibility that yields at the longer end, 10 year, will inch up towards 6.50% gradually. Investors should invest in bond funds with lesser than 3 year maturity to minimise interest rate risk."
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