Market Quote : the market had higher expectations for a more optimistic revision Says Vinod Nair, Geojit Financial Services
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Market quote from Vinod Nair, Head of Research at Geojit Financial Services - 08 June 2023
Investor sentiment took a downturn following the in-line monetary policy announcement by the RBI, as the market had higher expectations for a more optimistic revision in the inflation outlook, taking into account the recent easing of inflation data. The RBI's decision to lower the inflation rate by only 10 bps suggests a cautious stance due to geopolitical uncertainties, potential impact of El Nino and increase in Minimum Support Price.
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