2026-02-02 06:41:05 pm | Source: PR Agency
Quote on Post Budget By Churchil Bhatt, Executive Vice President- Investment, Kotak Mahindra Life Insurance
Below Quote on Post Budget By Churchil Bhatt, Executive Vice President- Investment, Kotak Mahindra Life Insurance
"The FY27 union budget highlighted the government’s commitment towards fiscal consolidation while retaining its push towards capital spending which is expected to grow by 11.5 percent to Rs12.2 tn. Fiscal deficit is pegged at 4.3 percent (against 4.4 percent in FY26). Net market borrowing is expected to finance slightly less than 70 percent of the fiscal deficit. However, Bond markets were anticipating a lower gross borrowing by way of dated securities (17.2 tn as per budget).
As a result, 10-year bond yield may open 4-5 bps higher on Monday. Focus may shift thereafter to RBI policy outcome later in the week."
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