Home / Business / Money / See 10-year yield in 7.90-7.95% range in near-term: UTI MF

See 10-year yield in 7.90-7.95% range in near-term: UTI MF

Amandeep Chopra, Gropu President and Head – Fixed Income, UTI MF is not looking at over 50 bps rate cut in the next 6 months.

In an interview to CNBC-TV18, Amandeep Chopra, Gropu President and Head – Fixed Income, UTI MF shared his reading on Reserve Bank of India’s (RBI) monetary policy action and its impact on the bond market. The central bank key interest rates unchanged on Tuesday.

He said that the debt market will now be closely watching January CPI inflation data as the timing of rate cut will depend on that. “If inflation in January is at or sub 6 percent level, one could see an early rate cut,” he added. 

Yield on 10 year bond may stabilise in 7.90-7.95% range over the next one month, but one can expect 7.90 percent on 10-year to breach in January if the CPI inflation data is positive, he said. 

Transcript to follow shortly

Q A debt fund targets:

  • Low risk, stable income
  • Protection of principal
  • High growth with risk
  • Capital appreciation

Leave a Reply

x

Check Also

Rupee recovers 6 paise to 67.01

The rupee today recovered some lost ground by rising 6 paise to ...

Notes ban to have positive impact on economy

NEW DELHI: The government’s demonetisation move has led to widespread adoption of ...