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Kotak Mahindra AMC fixed income head Bisen on RBI Policy
This story was originally published at 12:17 IST on 8 April 2026
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MUMBAI - Abhishek Bisen, head of fixed income, Kotak Mahindra Asset Management Co. Ltd., said the following on the Reserve Bank of India's first bi-monthly monetary policy statement for 2026-27 (Apr-Mar) detailed Wednesday:
The RBI policy has been in line with expectations and the MPC unanimously decided to hold the policy repo rate at 5.25% and maintained the stance at neutral. Inflation for FY27 has been pegged at 4.6%, while growth for FY27 has been projected at 6.9%. The West Asia war poses downside risk to the GDP forecast, as well as upside risks to inflation.
RBI will continue to remain proactive and pre-emptive to maintain ample liquidity.
The market seems to be pricing in significant rate hikes over the next 12-15 months. However, given the recent developments related to the two-week ceasefire in West Asia, we believe rate hikes priced in by the market are much higher than what is likely to be delivered.
10-yr Gsec yields have stayed flat post RBI policy, though it has fallen by 12 bps since Tuesday and is trading around 6.92% levels. End
Compiled by Nandini Sinha
Filed by Avishek Dutta
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