2025-10-01 05:42:06 pm | Source: PGIM India Mutual Fund
Quote on RBI MPC by Puneet Pal, Head-Fixed Income, PGIM India Mutual Fund

Below the Quote on RBI MPC by Puneet Pal, Head-Fixed Income, PGIM India Mutual Fund
"The MPC meeting today was Dovish Policy even as the status quo on Policy rates was retained. Two MPC members wanted the Monetary Policy stance to be changed to "Accommodative" and the MPC statement mentioned "The current macroeconomic conditions and the outlook has opened up policy space for further supporting growth." This along with reduction in inflation forecast of Q1FY27 to 4.50% from 4.90% and 2.6% for FY26 from 3.10% earlier. In the post policy press conference, the RBI Governor also mentioned that they would like the bond yields to be lower. Hence, we believe that MPC will cut rates in the next policy in December and expect the benchmark 10yr bond yield to trade in a range of 6.40% to 6.70%."
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