Gilt fund or corporate bond fund? How to invest in debt funds post RBI money policy
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Thanks to the steps taken by RBI, yields on benchmark 10-year government papers came down by over 6 basis points.
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NEW DELHI: From fund managers to economists to bond market traders, everyone welcomed the decisions taken by the Monetary Policy Committee of the Reserve Bank of India.
In its money policy review on Wednesday, RBI also kept the general public’s interest in mind and batted for tax cuts on fuel. Key measures included a quarter-wise OMO calendar that is expected to help manage the yield curve and the massive borrowing program, with Rs 1 lakh crore scheduled for Q1 of FY 22. RBI expects inflation to rise marginally in FY22 though projects food inflation to soften.