RBI Monetary Policy : We expect another rate hike and the repo to settle around 6.5% in the near term Says Divam Sharma, Green Portfolio
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Below is quote on Monetary Policy by Divam Sharma, smallcase manager & Founder, Green Portfolio
"The policy stance is in line with the expectations of being accommodative along with focus on growth. There is a negative impact on GDP growth expectations of 4.6% in Q3 and Q4 considering impact of slowdown in large global economies. However, India would still continue to be better placed in terms of GDP growth and other macro factors.
We expect another rate hike and the repo to settle around 6.5% in the near term. India is in a positive trajectory for now, all eyes would be on geo political tensions, opening up of China, commodity prices particularly energy and how slowdown pans out in large developed economies including US, UK, and European nations."
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