Comment on FED Reserve Announcement by Pankaj Pathak,Quantum AMC
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Below Comment on FED Reserve Announcement by Pankaj Pathak, Fund Manager- Fixed Income, Quantum AMC
With this level of hawkishness from the FED, it would be extremely difficult for the RBI to soften its tone on the domestic monetary policy anytime soon. India doesn't have that much of inflation problem but our external balances are not in the best shape. RBI's foreign exchange reserves are also dwindling at very fast pace.
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