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Market Quote : The easing of inflationary pressures has encouraged domestic investors to remain optimistic Says Mr. Vinod Nair, Geojit Financial
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Quote on Market 16 August 2022 By Vinod Nair, Head of Research at Geojit Financial Services.
"The easing of inflationary pressures has encouraged domestic investors to remain optimistic about the pace of economic recovery. Better-than-expected CPI numbers, aided by slower increase in food and fuel prices, may limit the pace of rate hikes by the RBI. In the Asian market, the Chinese central bank surprised the market by cutting its interest rates after a weak set of economic data. Following that, oil prices slumped on demand worries"
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