Market Quote : RBI`s policy announcement on Wednesday will provide more colour on its future rate actions Says Vinod Nair, Geojit Financial Services
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Below is the daily Market Quote 6 February 2023 By Vinod Nair, Head of Research at Geojit Financial Services
A strong job market in the United States pushed the global market lower on rate hike fears, as it offers the Fed more leeway in enacting stricter policy measures. This was in contrast to the recent rally in the global indices on the expectation that the economy is in its last phase of policy tightening. RBI’s policy announcement on Wednesday will provide more colour on its future rate actions, which is expected to hike rate by 25bps.
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