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06-12-2024 02:13 PM | Source: PGIM India Mutual Fund
Note on RBI Monetary Policy by Puneet Pal, Head- Fixed Income, PGIM India Mutual Fund
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Below the Note on RBI Monetary Policy by Puneet Pal, Head- Fixed Income, PGIM India Mutual Fund
"RBI has started the monetary easing cycle by cutting CRR by 50bps to 4% while retaining status quo on other policy rates. The cut in CRR will release INR 1.16 lakh crore of liquidity in the banking system. The yield curve has steepened post the CRR cut with the money market curve up to 1yr outperforming the longer end of the curve.”
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