On expected lines, RBI continued with its decision to not hike rates further as the inflation Says Raghvendra Nath, Ladderup Wealth Management
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Below is RBI MPC announcement reaction By Mr. Raghvendra Nath, Managing Director – Ladderup Wealth Management Private Limited
“On expected lines, RBI continued with its decision to not hike rates further as the inflation stays within range. The RBI has forecast the inflation for FY24 at 5.1%, inching towards the upper limit, however in the near-term inflation outlook looks more favourable. The progress of monsoon would be keenly watched and would be one of the significant factors in deciding the direction of inflation. RBI mentioned that average liquidity is in surplus mode and is expected to inch up. We believe this should result in some kind of moderation in the 10-year G-Sec yield.”
Above views are of the author and not of the website kindly read disclaimer
Tag News
Monthly Debt Market Update, September 2023: CareEdge Ratings
More News
Expectations on Monetary Policy Committee by Suman Bannerjee, CIO, Hedonova
