Negative surprise on fiscal deficit unlikely in Budget: Nippon India MF CIO

The current government, right from 2014, has shown an inclination to maintain fiscal discipline, he says

The Reserve Bank of India (RBI) is expected to announce two 25 basis points (bps) rate cuts in the current financial year (FY25), according to Amit Tripathi, CIO – Fixed Income Investments, Nippon India Mutual Fund. In an interview with Abhishek Kumar, Tripathi says the central bank may ease the rates further in the next financial year. Edited Excerpts:

How do you see the debt market dynamics and is there any visibility on rate cuts?
 

The longer end of the debt markets (10 years and beyond) has meaningfully benefitted in the last 24 months owing to the