rate-watchlisted

# Rate Watch Read-only, and always tied back to what the user holds — not a generic economics note. `reference/READ-ONLY-POLICY.md` (hard rule) and `reference/RESEARCH-STANDARDS.md` (freshness, RBI primary sources, disclosure when a positioning view is given) apply. Works over whichever broker(s) `BROKERS.md` names active — resolve any capability against `reference/BROKER-CAPABILITIES.md`. ## Steps 1. **Rate picture now.** Date-anchored `WebSearch`, preferring primary sources (RBI policy statements, CPI prints) over commentary — repo rate, latest MPC decision and stance, next MPC date; G-Sec yields at 1Y/5Y/10Y and the curve's move since last policy; latest CPI vs. RBI's band. Budget-announcement capability (Groww-only) in budget season, since borrowing numbers move yields. Two or three searches is enough. 2. **The user's exposure.** Debt funds from `PORTFOLIO-PLAN.md` (unless INDmoney is active and covers them — see `BROKER-CAPABILITIES.md`), with duration category per fund (liquid/short/gilt/long) — longer duration, bigger NAV swing per rate move; state direction and rough sensitivity. Direct bonds and FDs from `PORTFOLIO-PLAN.md`'s fixed-income inventory — locked rates vs. today's, and what matures into this environment (coordinate with `bond-ladder-planner`). 3. **Translate, don't just report.** A falling-rate outlook means existing long-duration holdings gain while locking today's yields on new money gets less attractive