Quote On Budget Reaction By Puneet Pal, Head-Fixed Income, PGIM India Mutual Fund

2025-02-01 03:54:42 pm | Source: PGIM India Mutual Fund

Quote On Budget Reaction By Puneet Pal, Head-Fixed Income, PGIM India Mutual Fund

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Below the Quote On Budget Reaction By Puneet Pal, Head-Fixed Income, PGIM India Mutual Fund

"The government reiterates its resolve towards fiscal consolidation as it pegs the fiscal deficit at 4.40% for FY2026, lower than market expectations and remains committed to bringing down the central government debt to GDP to 50% by 2031 from 57% currently. From the bond market perspective, the net borrowings at INR 11.5 trn is in line with market expectations and we expect the bond yields to remain stable in the run up to the MPC meeting on 7th Feb".

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Quote On Budget Reaction By Puneet Pal, Head-Fixed Income, PGIM India Mutual Fund

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