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Market Quote : Since the market has already priced in a 75 bps rate hike Says Mr. Vinod Nair, Geojit Financial Services.
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Quote on Market 02 November 2022 By Vinod Nair, Head of Research at Geojit Financial Services.
"With the FOMC's outcome around the corner, profit booking and a risk-off mood dragged the domestic market to trade with cuts. Meanwhile, strong US employment figures dented expectations for a slowdown in rate hikes. Since the market has already priced in a 75 bps rate hike by the Fed, market movement will be determined by their comments on its next moves."
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