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Below the Note on RBI Policy by Puneet Pal, Head - Fixed Income, PGIM India Mutual Fund PGIM India MF View: Rate cuts in next MPC policy with focus on liquidity management We think today’s policy was an acknowledgment of the ongoing slowdown in growth and rather than taking action on one data point, RBI wants more evidence for confirming this trend as highlighted by the RBI governor in the post policy press conference. Thus, we believe that the...

Note on RBI Policy by Puneet Pal, Head - Fixed Income, PGIM India Mutual Fund

Source: PGIM India Mutual Fund
2024-12-07 02:13:54 pm

Below the Note on RBI Monetary Policy by Puneet Pal, Head- Fixed Income, PGIM India Mutual Fund "RBI has started the monetary easing cycle by cutting CRR by 50bps to 4% while retaining status quo on other policy rates. The cut in CRR will release INR 1.16 lakh crore of liquidity in the banking system. The yield curve has steepened post the CRR cut with the money market curve up to 1yr outperforming the longer end of the curve.” Above views are of the...

Note on RBI Monetary Policy by Puneet Pal, Head- Fixed Income, PGIM India Mutual Fund

Source: PGIM India Mutual Fund
2024-12-06 02:13:14 pm

Below the Quote on Debt Outlook by Puneet Pal, Head Fixed Income, PGIM INDIA Mutual Fund The bond rally took a breather in October as yields inched higher on back of risk aversion ahead of the US Presidential elections and the lingering geopolitical conflict in the Middle East. The Reserve Bank of India’ Monetary Policy Committee (MPC) retained the status quo on policy rates with a 5-1 majority in its October 9th meeting but unanimously changed the monetary...

Quote on Debt Outlook by Puneet Pal, Head Fixed Income, PGIM INDIA Mutual Fund

Source: PGIM India Mutual Fund
2024-11-12 05:44:45 pm

Weekly View Fixed Income Markets by Puneet Pal, Head-Fixed Income, PGIM India Mutual Fund

Below the Weekly View on Fixed Income Markets by Puneet Pal, Head-Fixed Income, PGIM India Mutual Fund Rate cutting cycle in India may start from Feb 2025 Our View: The surge in US bond yields is due to the fear that the fiscal deficit in the US will continue to remain elevated and higher yield levels in the world’s biggest economy can have repercussions on Emerging Markets. Though there are signs of softness i...

Weekly View Fixed Income Markets by Puneet Pal, Head-Fixed Income, PGIM India Mutual Fund

Source: PGIM India Mutual Fund
2024-11-04 01:15:55 pm

Below the Weekly View on Fixed Income Markets by Puneet Pal, Head-Fixed Income, PGIM India Mutual Fund Indian bonds remain attractive on the back of stable underlying macro-economic variables Our View: As the US economy continues to be resilient, bond markets have pared their expectations of rate cuts in the US, a similar theme which has been repeating itself over the course of the last many quarters. We expect the Fed to continue with its rate cutting cyc...

Weekly View on Fixed Income Markets by Puneet Pal, Head-Fixed Income, PGIM India Mutual Fund

Source: PGIM India Mutual Fund
2024-10-21 04:00:02 pm

Below the Quote on Debt Market View from Puneet Pal, Head - Fixed Income, PGIM India MF RBI is likely to maintain status quo on policy rates till the end of CY25 The positive undertone of the Indian bond markets continued as yields drifted lower, in August 2024, and were down 6-7 bps across the curve. The MPC meeting outcome was on expected lines, as the divergence of views between the MPC members from the RBI and the external MPC members continuing with membe...

Debt Market View from Puneet Pal, Head - Fixed Income, PGIM India MF

Source: PGIM India MF
2024-09-10 05:50:37 pm

Our View The US Fed is all set to start cutting policy rates from September onwards and in the backdrop of global monetary easing, Indian bonds remain attractive on the back of strong and stable underlying macro-economic factors and favourable demand supply dynamics at play. The scope for rate cuts in India is on account of high real positive rates and the need to encourage private investment and there is a fair probability of rate cuts beginning from CY25 onwards. B...

Weekly View on Fixed Income markets by Puneet Pal, Head-Fixed Income, PGIM India Mutual Fund

Source: PGIM India Mutual Fund
2024-09-02 12:14:07 pm

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 s...

Quote on RBI Policy By Puneet Pal, Head - Fixed Income, PGIM India Mutual Fund

Source: PGIM India Mutual Fund
2024-08-08 01:55:39 pm

Below the View on Fixed Income markets by Puneet Pal, Head-Fixed Income, PGIM India Mutual Fund PGIM INDIA MF View - We expect Indian bond yield curve to remain flat amidst favourable demand-supply dynamics We expect the Indian bond yield curve to remain flat amidst favourable demand supply dynamics though the progress of monsoons will be the key factor to access the trajectory of Food inflation and subsequently RBI’s stance on the monetary...

View on Fixed Income markets by Puneet Pal, Head-Fixed Income, PGIM India Mutual Fund

Source: PGIM India Mutual Fund
2024-07-15 02:26:31 pm

Below the Weekly View on Fixed Income markets by Puneet Pal, Head-Fixed Income, PGIM India Mutual Fund Indian Markets: The last day of the week marked a big event for the Indian bond market as Indian government FAR bonds got formally included in the JP Morgan EM Bond Index. Since the announcement of the inclusion, more than USD 11bn have come into Indian bond markets and more is expected to come. Incremental flows over the next one year is expected to be in the range of...

Weekly View on Fixed Income markets by Puneet Pal, Head-Fixed Income, PGIM India Mutual Fund

Source: PGIM India Mutual Fund
2024-07-02 11:30:55 am

Debt Market Outlook : FPI inflows into the bond markets turned positive with USD 1.05 bn of inflows after the negative number in the month of April by Puneet Pal, Head - Fixed Income, PGIM India Mutual Fund

Below the Quote on Debt Market Outlook by Puneet Pal, Head- Fixed Income, PGIM India Mutual Fund Indian bond yields cooled off in the month of May, as RBI declared a dividend of INR 2.1 tr - almost double the amount which bond markets were expecting. This provides a great deal of flexibility to the central government on the fiscal side. The positive surprise enthused the markets, and bond yields fell, with the benchmark 10 yr bond yield ending the month at 6.98% - below the ...

Debt Market Outlook : FPI inflows into the bond markets turned positive with USD 1.05 bn of inflows after the negative number in the month of April by Puneet Pal, Head - Fixed Income, PGIM India Mutual Fund

Source: PGIM India Mutual Fund
2024-06-15 09:21:56 am

Below the RBI Monetary Policy Note by Puneet Pal, Head - Fixed Income, PGIM India MF In our view, this policy is a step towards monetary easing and though RBI’s tone is still one of caution, the MPC statement acknowledged that the disinflation achieved so far has not hurt growth and dropped the line on unwavering focus on price stability in its statement. In our view, RBI will await the onset and progress of monsoons and given the fact that two of the three...

RBI Monetary Policy Note by Puneet Pal, Head - Fixed Income, PGIM India MF

Source: PGIM India Mutual Fund
2024-06-08 02:25:58 pm

Below the Quote On RBI Monetary Policy by Puneet Pal, Head- Fixed Income, PGIM India Mutual Fund. "Today's MPC meeting was on expected lines with both the policy rates and the monetary stance unchanged though this policy takes a step closer to monetary easing with two members of the MPC voting for a cut in policy rates. RBI maintained its inflation projection for FY25 at 4.50% but increased its GDP growth projection of FY25 to 7.20% from 7% earlier&q...

Quote On RBI Monetary Policy by Puneet Pal, Head- Fixed Income, PGIM India Mutual Fund.

Source: PGIM India Mutual Fund
2024-06-07 04:46:53 pm

Below the quote on RBI Monetary Policy by Puneet Pal, Head- Fixed Income, PGIM India Mutual Fund. “The MPC meeting today maintained the status quo on policy rates and the monetary policy stance. Some sections of the market were expecting a change in stance which did not materialize though, in our view, the policy was dovish as Prof Jayant Varma voted for a rate cut and with the governor highlighting the underlying financial stability...

Quote On RBI Monetary Policy by Puneet Pal, Head- Fixed Income, PGIM India Mutual Fund.

Source: PR Agency
2024-04-05 02:34:44 pm

RBI Policy Note by Puneet Pal, Head - Fixed Income, PGIM India Mutual Fund - A Balanced Policy

Below the note on RBI Monetary Policy by Puneet Pal, Head- Fixed Income, PGIM India Mutual Fund In our view, this policy has a dovish undertone. The dissenting vote of Prof. Varma in favour of a rate cut is a positive and it’s a matter of time when RBI changes its monetary stance as core Inflation is trending lower. In our view, RBI will await cues from the major global central banks in respect of easing monetary policy and...

RBI Policy Note by Puneet Pal, Head - Fixed Income, PGIM India Mutual Fund - A Balanced Policy

Source: PR Agency
2024-02-09 09:07:57 am

Below the quote on RBI Monetary Policy by Puneet Pal, Head- Fixed Income, PGIM India Mutual Fund “The MPC meeting today maintained the status quo on policy rates and the monetary policy stance. Some sections of the market were expecting a change in stance which did not materialize though, in our view, the policy was dovish as Prof Jayant Varma voted for a rate cut and with the governor highlighting the underlying financial stability and FY...

Quote on RBI Monetary Policy by Puneet Pal, Head- Fixed Income, PGIM India Mutual Fund

Source: PR Agency
2024-02-08 02:40:24 pm

Below the weekly view on Fixed Income markets by Puneet Pal, Head-Fixed Income, PGIM India Mutual Fund. PGIM INDIA MF View As the global monetary tightening has come to an end with the Fed’s pivot this week, we are in for a pause in the rate cycle over the next couple of quarters. RBI will also be on a long pause. Investors can look to increase allocation to Fixed Income as the next ...

Weekly view on Fixed Income markets by Puneet Pal, Head-Fixed Income, PGIM India Mutual Fund.

Source: PR Agency
2023-12-18 04:57:06 pm

Below the Note on RBI Monetary Policy by Puneet Pal, Head-Fixed Income, PGIM India Mutual Fund PGIM India MF View- A long Pause In our view, this policy has a dovish undertone. The RBI governor and the MPC statement acknowledged the moderation in core Inflation as past monetary policy action works through the system. The governor’s statement mentioned about the risks of overtightening and unlike the previous policy today’s statement did not mention ...

Note on RBI Monetary Policy by Puneet Pal, Head-Fixed Income, PGIM India Mutual Fund

Source: PR Agency
2023-12-09 02:29:23 pm