Quote on MPC meeting & its impact by Mr. Satish Menon, Geojit Financial Services
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Below the quote on MPC meeting & its impact from Mr. Satish Menon, Executive Director at Geojit Financial Services
The inflation forecast has been increased, with the possibility of further upside risk in the near term. The overall setback is that high inflation is expected to persist for a long period of time, indicating that interest rates will remain high for a long time. Generally, high interest rates affect corporate earnings growth and valuation. However, the impact in India is likely to be nullified due to stable domestic demand and incremental global orders led by Chinas plus one strategy.
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