Market Quote : The initial upticks of the domestic market were short-lived due to its weak global peers Says Mr. Vinod Nair, Geojit Financial
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Quote on Market 29 September 2022 By Vinod Nair, Head of Research at Geojit Financial Services.
"The initial upticks of the domestic market were short-lived due to its weak global peers and declining rupee. As the yield differential between India and the US fell to a multi-year low of 348 bps, foreign investors are still departing from the Indian market. Amid the ongoing global trend of aggressive rate hikes, markets are braced for a 50 bps increase by RBI. Investors eagerly await the central bank’s intervention to aid bank liquidity, curb currency depreciation, and provide updates on its monetary stance & GDP outlook."
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