04-08-2022 03:07 PM | Source: PR Agency
View on Monetary Policy  April 2022 by Lakshmi Iyer, Kotak Mutual Fund
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Below are View on Monetary Policy  April, 2022 by Lakshmi Iyer, CIO (Debt) & Head Products, Kotak Mutual Fund

“The policy left key rates unchanged, however has introduced SDF ( standing deposit facility ) at 3.75%  this effectively means the overnight rates will Have a floor of 3.75% ( rise by 40bps) This policy, in some sense, is a Segway to tightening policy rates in the coming months. Expect yields to rise across the curve to reflect the policy stance. Key to see for longer end of The curve is if RBI actually walks the talk by Announcing OMO/ OT to anchor long bond yields.”

 

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