The 50 bps hike in the repo rate came as anticipated and the accompanying commentary didn’t veer from the expected script. But the RBI governor didn’t offer clear guidance for the coming months either.
The rising global bond yields have spooked markets. In an interview to CNBC-TV18, Andre de Silva of HSBC, discusses its impact on the markets going ahead.
Jayesh Mehta, MD & Country Treasurer, Bank of America, said though he is not sure whether the ratings can be upgraded from the current BBB-, but feels the outlook can definitely change to positive.
ICICI Prudential AMC is underweight on on financial companies, but within the space he‘s more positive on private sector. It is constructively positive with a one year view because it doesn‘t require growth for the returns to come like in equity markets.
In an interview to CNBC-TV18, Vivek Rajpal of Nomura India says he has a 7.80 percent target, for 10-year yield, for the Q4 of the financial year.