Market Quote 08 June 2022 By Vinod Nair, Geojit Financial Services
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Below is the daily Market quote 08 June 2022 By Vinod Nair, Head of Research at Geojit Financial Services
"RBI turned realistic by withdrawing their accommodative stance, realising the need for front-loaded action and increased inflation forecast by 100bps to 6.7%. On the bright side, there were some positive points like no increase in CRR, economic growth was maintained healthy at 7.2% and no additional measures were announced to reduce the liquidity of the banking system. However, the focus shifted to the global market, which is anticipating a hawkish Fed policy, stated next week"
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