RBI has expectedly kept the repo rates constant at 6.50%. With India GDP growth strong, there is little incentive for the MPC to cut rates, especially when inflationary pressures have not completely eased off. Food price uncertainties are expected to continue and food inflation would need close monitoring. Till inflation is around 4.0% on a durable basis, MPC is unlikely to cut rates. So we can expect rate revisions mostly in Q3FY25.
With this background, interest rates being at multi-year highs make it a perfect entry point for investors to allocate funds in Debt. Investors can lock in the high interest rates by investing in long maturity Fixed Deposits, bonds or Long duration Mutual funds.
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