It's time RBI became data-dependent: PNB Gilts MD & CEO Vikas Goel

'A lot would depend on the RBI and liquidity. There is a glide path for yields now'

The government has announced the auction of green bonds for a second straight year. But these might have few natural buyers. PNB Gilts Managing Director and Chief Executive Officer Vikas Goel suggests some incentives. In a video interview with Manojit Saha, he says a statutory liquidity ratio (SLR) or liquidity coverage ratio (LCR) multiplier would make these bonds attractive. Edited excerpts:

It is widely expected that the Reserve Bank of India (RBI) will keep the repo rate unchanged in its October policy review. Do you think it should change its stance to neutral?

It is time the RBI became data-dependent