Quote on RBI Monetary Policy by Prashant Pimple CIO Fixed Income Baroda BNP Paribas Mutual Fund
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Below the Quote on RBI Monetary Policy by Prashant Pimple CIO Fixed Income Baroda BNP Paribas Mutual Fund
The Monetary policy was a moderate one in light with headwinds across oil, US treasuries as well as geopolitical tensions. The RBI MPC clearly maintained focus on price stability whereby covering inflation as well as FX stability .
The RBI remains “ nimble and vigilant “ in terms of banking system liquidity and we expect the financial conditions to remain comfortable with overnight rates closer to repo rate. The yield curve is expected to bull steepen going forward.
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