“The RBI delivered a widely anticipated hold on policy rates, balancing resilient growth amidst still-contained inflation outlook. By maintaining a neutral stance, the central bank has preserved flexibility rather than signalling a tightening bias. We remain constructive on high quality fixed income instruments and expect yield movements to be driven more by global geo-political developments that may impact inflation outcome, than by expectations of future policy actions,” says Rahul Goswami, CIO & MD, India Fixed Income, Franklin Templeton.