Even though the Reserve Bank of India (RBI) has cut repo rate in its third bi-monthly monetary policy review, mutual fund managers are unsure about the future rate cuts. They believe that inflation may inch up and there is some uncertainty about future rate cuts.
"RBI has not changed its monetary stance. They have taken note of the inflation. Further correction in rates depends on the data," Mahendra Kumar Jajoo, head - fixed income, Mirae Asset.
The banking regul ..
