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:|