 "Devang Shah, Head- Fixed Income, Axis Mutual Fund")
Positive macros — lower inflation, high forex reserves and favourable demand-supply dynamics for government bonds — make a strong case for rate cuts from December, says Devang Shah, head of fixed income, Axis Mutual Fund. In an interview with Abhishek Kumar in Mumbai, Shah says this view may not hold true if commodity prices go up sharply. Edited excerpts:
What are the key takeaways from the latest policy announcement by the Reserve Bank of India (RBI)?
The change in RBI’s stance was likely driven by the favourable outlook on inflation. Though the RBI governor sounded caution on consumer
