Quote on RBI Policy By Puneet Pal, Head - Fixed Income, PGIM India Mutual Fund
Below the Quote on RBI Policy By Puneet Pal, Head - Fixed Income, PGIM India Mutual Fund
“We continue to be constructive on Indian Bonds, given the strong underlying macroeconomic fundamentals and the start of the global easing cycle with renewed concerns on slowdown in the US economy along with recalibration of the rate cuts from the US Fed. Although we expect RBI to be on pause over the next 4-5 months, bond yields tend to react in advance of rate cuts and as such we expect yields to gradually shift lower and we would recommend investors to increase their allocation to Fixed Income.”
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