08-10-2023 04:36 PM | Source: PR Agency
View on RBI Monetary Policy By Puneet Pal, PGIM India Mutual Fund
Below the comment on RBI Monetary Policy by Puneet Pal, Head-Fixed Income, PGIM India Mutual Fund.
"RBI stays on hold while indicating its discomfort with the level of surplus liquidity as it surprisingly announces an incremental CRR (I-CRR) of 10% on the increase in Bank’s NDTL between May19, 2023 to July 28, 2023. We expect short term money market curve of up to 3-6 months maturity to be negatively impacted. We expect the curve to stay flat and the 10yr Benchmark Bond to trade in a range of 7.05% to 7.25% over the next couple of months".
Above views are of the author and not of the website kindly read disclaimer
Latest News
Evening Roundup : A Daily Report on Bullion Energy &...
Market Wrap Up by Shrikant Chouhan, Head Equity Rese...
Gold Special Report: Akshaya Tritiya 2024 by Religar...
FIIs stood as net sellers in equities as per May 09 ...
Perspective On AMFI Data by Sanjay Agarwal, Senior D...
Post market comment by Mandar Bhojane, Research Anal...
Daily Market Analysis : The market resumed its corre...
Indian shares drop most in three months; L&T drags
VC firm Venturi Partners invests $27 mn in K12 Techn...
TCS CEO Krithivasan earned $3 million in first year ...
Tag News
Monthly Debt Market Update, September 2023: CareEdge Ratings
Quote on RBI decision to discontinue the incremental cash reserve ratio (CRR) By Dr. Manoranjan Sharma, Infomerics Ratings
Governance mechanism, customer-centricity can help in fintech ecosystem sustainable growth: Ajay Chaudhary
3 Centres of Excellence set up by TIDCO finding good traction: Tamil Nadu Minister