Most bond fund managers were right expecting status quo of interest rates. But they were unprepared for the RBI governor's stance on interest rate outlook
Last updated: 25-Sep-2024•Research Desk
Yesterday the RBI Governor did not surprise investors by keeping the interest rates unchanged. However, he did change his stance that he's done with raising interest rates and he will be ready to lower the interest rates if there were signs of the accelerated easing of price pressures. This fueled a rally in bond prices but very few funds were geared to benefit from this.
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