Views on Monetary Policy June,2021 by Lakshmi Iyer, Kotak Mutual Fund
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Below are View on Monetary Policy by Lakshmi Iyer, CIO (Debt) & Head Products, Kotak Mutual Fund
“The RBI MPC was about G & G – Growth forecasts for FY 22 were lowered by 1% while GSAP amt for Q2 FY 22 was increased to INR 1 tn (INR 1 tm in Q1). While CPI inflation forecasts have been increased, immediate demand side pressures may not be a concern due to the pandemic. Inclusion of SDL is GSAP is a good move to help ease some pressure on State loans. Bond yields are likely to move in tight range and oscillate between auction supply and GSAP led demand.”
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