Market Quote : It is expected that the RBI will maintain its pause on rate hikes Says Vinod Nair, Geojit Financial Services
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Market quote from Vinod Nair, Head of Research at Geojit Financial Services - 29 June 2023
Investors are becoming more optimistic due to the anticipation of a positive revision in the RBI’s inflation forecast during the ongoing MPC meeting. It is expected that the RBI will maintain its pause on rate hikes, considering the significant improvement in inflation, which has now come within the RBI's comfort zone. Furthermore, the participation of FIIs as net buyers, after a brief halt, contributed to today's market rally, particularly driven by mid- and small-cap stocks
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