Market Quote : The market is hopeful that the CPI inflation for May will further moderate Says Vinod Nair, Geojit Financial Services
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Market quote from Vinod Nair, Head of Research at Geojit Financial Services - 09 June 2023
The domestic market witnessed extended selling pressure as investors eagerly awaited the domestic inflation data due on Monday as the RBI refrained from an aggressive cut in their inflation forecast. The market is hopeful that the CPI inflation for May will further moderate from its current level of 4.7%. In addition to the domestic factors, global cues also failed to provide support, as the US reported high unemployment claims ahead of the release of the inflation figures and the Fed meeting.
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