Baroda BNP Paribas Mutual Fund CIO Prashant Pimple on RBI Policy
This story was originally published at 13:24 IST on 7 October 2026
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NEW DELHI - Prashant Pimple, chief investment officer, Baroda BNP Paribas Mutual Fund, said the following on the Reserve Bank of India's fourth bi-monthly monetary policy statement for 2026-27 (Apr-Mar) detailed Wednesday:
The RBI's six-member Monetary Policy Committee voted unanimously to raise the benchmark repo rate by 25 basis points to 5.50%, the first hike in nearly four years. The MPC also shifted its policy stance to 'Calibrated Tightening' from 'Neutral'. G-sec yields reacted negatively across the curve by approximately 3-5 bps as the stance shifted to calibrated tightening. The shift to calibrated tightening signals further hikes ahead, though the pace will depend on domestic inflation factors and global geopolitical ramifications. In the near term, we expect pressure on bond prices as yields adjust to the tighter path going ahead.
RBI increased the GDP forecast for FY27, considering better FY27 Q1 GDP numbers and raised the CPI forecast for FY27 witnessing ongoing pressure on fuel and expected impact on food due to deficient monsoon. End
Compiled by Pratyush Kumar
Filed by Avishek Dutta
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