This is an opportunity to make outsized gains over the next few years

We believe the debt market is very attractively priced from a short-to-medium term perspective.

In a surprise move, the Reserve Bank of India (RBI) lowered the key repo rate by 75 basis points (bps) to 4.4 per cent and slashed the reverse repo rate by 90 bps to 4 per cent. Central Banks around the globe are adopting a ‘whatever it takes’ approach to provide the required boost to the economy in this period of crisis and the Reserve Bank of Indian (RBI) was expected to follow suit. Positive macroeconomic indicators, spread of India’s interest rates above global interest rates and lower inflation expectations provided the RBI and government large headroom for giving monetary