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Perspective on today's RBI's decision to raise the inflation rate 40 bps by Mr. Raghvendra Nath, Ladderup Wealth Management Private Ltd
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Below is Perspective on today's RBI's decision to raise the inflation rate by 40 bps by Mr. Raghvendra Nath, Managing Director – Ladderup Wealth Management Private Limited.
“RBI’s change in view from an accommodative stance in Feb’22 to a hawkish statement couple of weeks back and sudden rate hike today has taken the market by surprise. Somewhere it makes us wonder whether RBI knows more than they are letting on in their statement. This surprise move by RBI has dampened the market mood and may impact the divestment target of the government.”
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